# Krung Thai reveals that the baht has strengthened a lot, opening at 34.00 baht/dollar, looking at today's range of 33.85-34.10 baht/dollar - Money & Banking Magazine

> 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%.

- Date: 2023-04-05 · published 2023-04-05T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/36654-krung-thai-reveals-that-the-baht-has-strengthened-a-lot-opening-at-34-00-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/32761/

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