# EMERGING MARKETS-Thai baht faces worst day in 23 years as strong dollar pressures Asia FX | Kitco News

> The Thai baht fell 1.6% to 33.525 per dollar, on track for its worst session since September 1999, as strong US jobs data lifted the dollar across Asian currencies. Analysts said the Fed could keep rates higher for longer.

- Date: 2023-02-06 · published 2023-02-06T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/37585-emerging-markets-thai-baht-faces-worst-day-in-23-years-as-strong-dollar
- 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 sharp dollar rally driven by Fed expectations tends to weigh on commodity prices quoted in dollars and can pressure Asian feed import demand.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-02 | [EMERGING MARKETS-Latam FX come off multi-year highs as dollar firms \| Kitco News](https://feedsoft.ai/events/37616-emerging-markets-latam-fx-come-off-multi-year-highs-as-dollar-firms-kitco-news.md) | +1.3% | +2.1% |
| DXY | 2023-04-17 | [EMERGING MARKETS-Peru's sol outpaces Latam FX, firm dollar caps gains \| Kitco News](https://feedsoft.ai/events/36695-emerging-markets-peru-and-apos-s-sol-outpaces-latam-fx-firm-dollar-caps-gains.md) | +0.4% | +0.4% |
| DXY | 2026-08-28 | [Emerging Markets-Colombian peso heads for worst week in three years on fiscal fears - ILF News \| Rallies](https://feedsoft.ai/events/18166-emerging-markets-colombian-peso-heads-for-worst-week-in-three-years-on-fiscal.md) | -0.2% | +1.7% |
| DXY | 2023-09-26 | [Thai baht leads Asian currencies lower, pressured by dollar - Markets - Business Recorder](https://feedsoft.ai/events/34379-thai-baht-leads-asian-currencies-lower-pressured-by-dollar-markets-business.md) | +0.8% | +1.3% |
| DXY | 2024-05-30 | [Emerging Asian Markets Face Pressure Amid Rising US Yields - Finimize](https://feedsoft.ai/events/30569-emerging-asian-markets-face-pressure-amid-rising-us-yields-finimize.md) | +0.3% | +1.8% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-02-06/emerging-markets-thai-baht-faces-worst-day-23-years-strong-dollar-0

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