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The baht opened at 34.25 per dollar on July 27 after trading in a 34.16-34.32 range overnight. It briefly strengthened below the 34.20 support level after the Fed meeting, then weakened again as the dollar rebounded on the Fed chair's hawkish remarks.
Baht moves within this narrow range change Thai import costs for dollar-priced feed ingredients only marginally. Traders are watching the ECB decision for the next dollar direction.
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.
