# Thai baht at 7-month low

> The Thai baht fell 0.6% to its weakest level since November 30, 2022, on June 28 as doubts grew over whether Move Forward could secure enough votes to form a government. Most other emerging Asian currencies also weakened against a firmer dollar after resilient US data.

- Date: 2023-06-29 · published 2023-06-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/35747-thai-baht-at-7-month-low
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Political uncertainty in Thailand is weighing on the baht, raising dollar-denominated import costs for Thai feed buyers. The effect on grain and meal prices is limited because the move is driven by domestic politics and dollar strength.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/thai-baht-at-7-month-low-post255461.vnp

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