Loading…
The baht weakened to 35.71 per US dollar on December 12 after stronger-than-expected US payrolls, with unemployment falling to 3.7% in November. Traders reduced expectations of an early Fed rate cut.
Stronger US labour data lifts the dollar and raises the cost of dollar-priced feed imports for Asian buyers, though the move is a routine currency reaction.
nationthailand.comDec 12, 2023Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
