# Thai baht volatile, driven by external factors - c.bank

> 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.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/37131-thai-baht-volatile-driven-by-external-factors-c-bank
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/thai-baht-volatile-driven-by-external-factors-cbank-2023-03-08/

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