# Learn How The Thai Baht Outperformed the US Dollar | Thaiger

> 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.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/32408-learn-how-the-thai-baht-outperformed-the-us-dollar-thaiger
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer baht lowers the local currency cost of dollar-priced feed imports into Thailand. The impact on global feed markets is minor.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- thethaiger.com: https://thethaiger.com/news/business/thai-baht-surges-as-us-dollar-weakens-ahead-of-federal-reserve-meeting

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.