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The baht strengthened against a weakening dollar on January 30, ending the session at 35.35 per dollar. Traders expected the Federal Reserve to hold rates steady at its upcoming meeting, and the dollar's weakness drove the move.
A firmer baht lowers the local currency cost of dollar-priced feed imports into Thailand. The impact on global feed markets is minor.
thethaiger.comAlex MorganJan 31, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
