# The baht opened at 34.58 baht/dollar, the trend is weakening from the strong dollar - concerns about Thai politics - Money & Banking Magazine

> 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.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/35300-the-baht-opened-at-34-58-baht-dollar-the-trend-is-weakening-from-the-strong
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/51639/

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