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The baht rose on March 13 against a sharp fall in the US dollar after the collapse of Silicon Valley Bank and expectations that the Fed would slow rate hikes. The article notes the baht had appreciated and the currency was expected to move sideways.
The baht's rise against the dollar lowers the local cost of imported feed ingredients in Thailand, with little effect on world feed prices.
bangkokpost.comSomruedi BanchongduangMar 13, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
