# Bloomberg reveals "baht" risks weakening to new low Causes of political uncertainty - Money & Banking Magazine

> 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.

- Date: 2023-05-29 · published 2023-05-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/36222-bloomberg-reveals-baht-risks-weakening-to-new-low-causes-of-political
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Continued baht weakness raises the local cost of imported feed for Thai buyers. Political risk, not commodity fundamentals, is the driver.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/41163/

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