# Asian currencies: Thai baht, S Korean won at 2-week high - Business & Finance - Business Recorder

> Southeast Asian currencies steadied ahead of the Federal Reserve decision, with the won and baht rising to two-week highs in thin trading. Markets are focused on Powell's press conference for cues on the timing of rate cuts.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/32413-asian-currencies-thai-baht-s-korean-won-at-2-week-high-business-and-finance
- 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 in Thailand. The impact on global feed prices is minor.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40286515

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