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The Thai baht opened at 34.28 per US dollar on December 28, its strongest level in five months. The move followed a weaker dollar and a fall in US 10-year yields from 3.89% to 3.8%, which lifted gold prices.
A stronger baht and softer dollar tend to support gold and make dollar-priced commodities cheaper for Thai buyers, a modest factor for feed import costs.
nationthailand.comDec 28, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
