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Kasikornbank estimated the baht would trade between 34.80 and 35.50 per dollar for November 20 to 24 after reaching its strongest level in two and a half months. The currency was supported by weaker-than-expected US data that raised expectations the Fed had finished raising rates.
A weaker dollar and firmer baht lower the local-currency cost of dollar-priced imports, a routine currency move with little direct effect on feed prices.
en.moneyandbanking.co.thbank financeNov 18, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) 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.
