# EMERGING MARKETS-Asian currencies edge down, Thai baht trims losses after BOT hike | Kitco News

> Most Asian currencies edged lower on March 29 while the Thai baht trimmed losses after the Bank of Thailand's unanimous 25-basis-point hike. The baht traded at 34.26 per dollar, and the central bank cut its 2023 growth outlook.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/37132-emerging-markets-asian-currencies-edge-down-thai-baht-trims-losses-after-bot
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Currency moves in Asia shape the local purchasing power of importers of feed grains and meal, but the effect on global feed prices is small.

## Read by commodity

- USDTHB: neutral

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-03-29/emerging-markets-asian-currencies-edge-down-thai-baht-trims-losses

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