# Thai Baht Extends Gain against Greenback as Markets Lose Interests in Dollars - KAOHOON INTERNATIONAL

> 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.

- Date: 2023-12-15 · published 2023-12-15T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32972-thai-baht-extends-gain-against-greenback-as-markets-lose-interests-in-dollars
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker dollar after the Fed's dovish signal lowers dollar-denominated import costs for feed buyers in Asia and supports commodity prices broadly.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-03 | [Dollar Funding Strains Ease in International Markets](https://feedsoft.ai/events/53821-dollar-funding-strains-ease-in-international-markets.md) | -0.9% | -1.0% |
| DXY | 2025-11-14 | [Dollar dips against dong - VnExpress International](https://feedsoft.ai/events/22243-dollar-dips-against-dong-vnexpress-international.md) | +0.8% | -0.5% |
| DXY | 2025-09-30 | [Dollar drops against dong - VnExpress International](https://feedsoft.ai/events/23191-dollar-drops-against-dong-vnexpress-international.md) | +0.1% | +0.4% |
| DXY | 2025-05-30 | [Dollar slips against dong - VnExpress International](https://feedsoft.ai/events/24983-dollar-slips-against-dong-vnexpress-international.md) | -0.5% | -1.6% |
| DXY | 2026-07-31 | [Dollar slides against dong - VnExpress International](https://feedsoft.ai/events/18659-dollar-slides-against-dong-vnexpress-international.md) | -0.1% | -1.1% |

## Sources

- kaohooninternational.com: https://www.kaohooninternational.com/markets/534561

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