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The baht fell about 1.1% after Thailand's parliamentary vote to select a new prime minister was postponed pending a Constitutional Court ruling. The decision came alongside a Bank of Thailand rate hike and a Fitch downgrade of US sovereign credit that made investors more risk-averse.
Political uncertainty weakening the baht raises Thai import costs for feed ingredients, while the broader risk-off tone adds mild pressure on emerging-market currencies that can influence regional feed purchasing.
bangkokpost.comReuters, BloombergAug 3, 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.
