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The Thai baht weakened to 35.60 per US dollar, a seven-month low, as importers and multinationals bought dollars at month-end and gold purchases slowed. Analysts expect a new resistance level near 35.75 if selling pressure on Thai assets does not intensify.
A weaker baht makes Thai-denominated feed purchases and imports of feed ingredients from dollar-priced markets more expensive for Thai buyers, while a weaker baht can support Thai exporter competitiveness.
nationthailand.comJun 30, 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.
