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The Thai baht hit 36.34 per dollar on September 20, 2023, its weakest since November. RBC Capital Markets forecast the currency would reach 37 by year-end as rising oil prices enlarge Thailand's energy import bill and government borrowing rises.
Higher oil costs and a weaker baht increase Thailand's import bill and the local cost of imported feed ingredients. The currency outlook is a forecast rather than a new supply or demand event.
bloomberg.comMatthew Burgess, Karl Lester YapSep 20, 2023Not enough comparable past events yet for a historical read.
Not 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.
