# Baht falls to 7-month low

> 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.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/35746-baht-falls-to-7-month-low
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/banking-finance/40028983

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