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Siam Commercial Bank's financial markets group expected the baht to trade between 32.55 and 32.85 per dollar on January 26, 2023. The dollar weakened as investors expected the Fed to slow rate hikes.
US equities closed lower after weaker corporate earnings, and oil prices rose slightly.
A softer dollar tends to lower the baht cost of imported feed ingredients. The daily range is a routine currency reading with little direct effect on grain or meal prices.
en.moneyandbanking.co.thbank financeJan 26, 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.
