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The baht strengthened on foreign investor confidence in Thailand, according to Finance Minister Arkhom Termpittayapaisith. Thailand's economy was expected to grow about 3.3% in 2023, and foreign tourist arrivals were forecast at 8.4 million for the year.
Foreign portfolio inflows and tourism revenue are strengthening the baht, which lowers the baht cost of dollar-priced imports. The effect on feed commodity prices is indirect.
bangkokpost.comWichit ChantanusornsiriJan 11, 2023Not enough comparable past events yet for a historical read.
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.
