# Thai Baht Weakens as Dollar Strengthens, Fund Outflow Continues - KAOHOON INTERNATIONAL

> The Thai baht fell to 34.47 per dollar on Tuesday from 34.44 the day before, tracking regional currencies. Investors are pricing in higher U.S. rates for longer and are wary of the U.S. debt ceiling standoff. Bank of Ayudhya cites political uncertainty as a domestic factor, with daily foreign outflows of about THB10 billion.

- Date: 2023-05-23 · published 2023-05-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/36223-thai-baht-weakens-as-dollar-strengthens-fund-outflow-continues-kaohoon
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Baht weakness plus foreign fund outflows raise dollar-denominated feed costs for Thai importers. The effect on global commodity prices is limited.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- kaohooninternational.com: https://www.kaohooninternational.com/currency/526640

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