# Bangkok Post - Baht sheds 1.1% on fresh vote delay

> 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.

- Date: 2023-08-03 · published 2023-08-03T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/34844-bangkok-post-baht-sheds-1-1-on-fresh-vote-delay
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2622933/baht-sheds-1-1-on-fresh-vote-delay

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