# Baht dip aids export stocks

> Thai export stocks have risen as the baht depreciated rapidly against the dollar, with analysts warning the currency could slide further. Markets expect the Federal Reserve to keep raising rates, with a 52% chance of a move to 5.50% by June.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/37584-baht-dip-aids-export-stocks
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger dollar on expected Fed tightening puts pressure on dollar-priced commodities and emerging-market currencies, which can weigh on feed grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-29 | [Baht expected to weaken today](https://feedsoft.ai/events/50880-baht-expected-to-weaken-today.md) | -0.5% | -2.2% |
| DXY | 2022-06-13 | [GLOBAL MARKETS-Inflation fears grip markets as bonds, stocks extend selloff](https://feedsoft.ai/events/9637-global-markets-inflation-fears-grip-markets-as-bonds-stocks-extend-selloff.md) | +1.0% | +2.9% |
| DXY | 2022-04-01 | [Strong Dollar's Impact on Grain Exports](https://feedsoft.ai/events/42202-strong-dollar-s-impact-on-grain-exports.md) | +1.0% | +4.2% |
| DXY | 2023-09-21 | [Stocks fall, yields rise as central banks rattle markets](https://feedsoft.ai/events/34308-stocks-fall-yields-rise-as-central-banks-rattle-markets.md) | +1.7% | +2.3% |
| DXY | 2024-02-19 | [Dollar Steadies, Bond Yields Rebound; Wall Street Stocks Slip](https://feedsoft.ai/events/31934-dollar-steadies-bond-yields-rebound-wall-street-stocks-slip.md) | -0.1% | -0.5% |

## Sources

- inkl.com: https://www.inkl.com/news/baht-dip-aids-export-stocks

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