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SCB FM says the Thai baht's recent volatility reflects the dollar's direction on Fed hike expectations, a weaker yuan from China's slowing economy, and political factors affecting capital flows. It expects the baht to strengthen to 33.35-33.85 per dollar if a government is formed quickly, but weaken rapidly if formation is delayed or protests occur.
A stronger baht lowers the local-currency cost of dollar-priced feed imports into Thailand, while political stalls push the other way. The effect on global feed prices is small.
en.moneyandbanking.co.thbank financeJul 27, 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.
