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The baht reached a two-week high of 34.84 per dollar on December 15 after gaining over 1.8% the previous day. The dollar index fell to 101.91, its lowest in more than four months, after the Fed's dot plot signalled three rate cuts in 2024.
A weaker dollar after the Fed's dovish signal lowers dollar-denominated import costs for feed buyers in Asia and supports commodity prices broadly.
kaohooninternational.comChom AttakornDec 15, 2023After 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.
Not enough comparable past events yet for a historical read.
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.
