# Thai baht hits six-week high amid Federal Reserve uncertainty By Investing.com

> The baht hit a six-week high against the dollar as traders sold dollars ahead of the Federal Reserve meeting and domestic gold prices rose on Middle East conflict. Analysts noted the baht had still depreciated about 5% year-to-date.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/33444-thai-baht-hits-six-week-high-amid-federal-reserve-uncertainty-by-investing-com
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer baht driven by dollar selling and gold trade has limited direct impact on feed commodity prices for Thai buyers.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- ca.investing.com: https://ca.investing.com/news/stock-market-news/thai-baht-hits-sixweek-high-amid-federal-reserve-uncertainty-93CH-3158717

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