# Thai Baht Under More Pressure as Political Uncertainty Persists

> The Thai baht weakened for a third straight week against the dollar, closing at 34.77 on Friday and moving toward its February year-to-date low of 35.39. Political uncertainty over forming the next government is prompting foreign funds to sell Thai equities and bonds. Bloomberg reports that a central bank rate hike is unlikely to halt the slide.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/36221-thai-baht-under-more-pressure-as-political-uncertainty-persists
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht raises the local-currency cost of dollar-priced feed ingredients for Thai buyers. The move is driven by domestic politics and has no direct effect on global feed prices.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-05-28/thai-baht-under-more-pressure-as-political-uncertainty-persists

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