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The baht opened at 34.00 per dollar, strengthening from the prior close of 34.22, with an intraday range of 33.85 to 34.10. The move followed weak US jobs openings and factory orders data that raised recession concerns and pushed the US 10-year yield to 3.35%.
A stronger baht against the dollar makes imported feed ingredients slightly cheaper for Thai buyers. The move is driven by routine currency trading rather than a new supply or demand shock.
en.moneyandbanking.co.thbank financeApr 5, 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.
