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Money & Banking Magazine reports Bloomberg's view that the baht could weaken to a new low because of political uncertainty over the ruling coalition. The baht fell for a third consecutive week to 34.77 per dollar.
Analysts expect the Bank of Thailand to raise its policy rate by 0.25 point to 2%, and they doubt the move will support the currency.
Continued baht weakness raises the local cost of imported feed for Thai buyers. Political risk, not commodity fundamentals, is the driver.
en.moneyandbanking.co.thbank financeMay 29, 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.
