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The baht opened at 34.58 per dollar on July 25, weaker than the prior close of 34.43. Krungthai Bank attributed the move to a firmer US dollar, gold buying on dips, and concerns over Thai politics.
A weaker baht raises the local cost of dollar-priced feed ingredient imports in Thailand. The move is a routine currency move and has little effect on global feed prices.
en.moneyandbanking.co.thbank financeJul 25, 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.
