Loading…
Bank of Thailand Governor Sethaput Suthiwarthanaput said the baht's fall to about 37 per dollar, and its greater volatility than neighbours, is mainly due to dollar strength, a weaker yuan and gold prices. He said the central bank will not go against market forces, and that capital outflows reached $8.8 billion so far this year.
Persistent baht weakness and capital outflows raise Thai import costs for dollar-priced feed ingredients, while the central bank's hands-off stance means no currency defence is expected.
en.moneyandbanking.co.thbank financeOct 4, 2023Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
