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Kasikorn Bank forecast the baht would trade between 32.50 and 33.30 per dollar in the week of January 30 to February 3, 2023. It highlighted the Fed, ECB and BoE meetings, US payrolls and Thai economic data as key drivers.
The baht had touched a 10-month high of 32.57 earlier in the week before depreciating.
The baht's trading range matters for Thai feed importers paying in dollars for corn, soymeal and other ingredients. Expected central bank decisions point to a volatile dollar, which could shift Thai import costs.
en.moneyandbanking.co.thbank financeJan 28, 2023Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
