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The Bank of Thailand said the baht is likely to stay highly volatile due to external factors, moving in line with regional currencies. The baht fell 1.4% against the dollar on March 8 to a one-week low after Fed Chair Powell struck a hawkish tone.
A weaker baht raises the local cost of imported feed ingredients such as soymeal and corn, while the currency move itself has little direct effect on global grain prices.
reuters.comMar 8, 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.
