# Bangkok Post - Baht depreciates further; other Asian FX steady

> 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.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/34375-bangkok-post-baht-depreciates-further-other-asian-fx-steady
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2654377/thai-baht-hits-10-month-low-as-us-10-year-yields-highest-since-oct-2007

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