# Baht weakens as US dollar firms up

> The baht weakened to 34.34 per dollar on January 2 from 34.12 the previous week. The move followed a firmer dollar and lower gold prices, and the analyst expects the baht to test resistance near 34.50.

- Date: 2024-01-02 · published 2024-01-02T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/32414-baht-weakens-as-us-dollar-firms-up
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht raises the local cost of dollar-priced feed imports into Thailand. The effect on global feed markets is limited.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/banking-finance/40034325

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