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Thailand's baht fell to its weakest level in more than 10 months on September 28, 2023, weighed by fiscal worries tied to new government borrowing. The 10-year Thai bond yield reached its highest since May 2022, and the currency was valued at about 36.81 per dollar.
A weaker baht raises the local-currency cost of dollar-priced feed imports such as corn, soymeal and fishmeal, which can curb Thai buying. Fiscal strain may also weigh on government support for the livestock sector.
bangkokpost.comReutersSep 28, 2023Not 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.
