# Bangkok Post - Baht boosted by foreign investors

> 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.

- Date: 2023-01-11 · published 2023-01-11T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/38066-bangkok-post-baht-boosted-by-foreign-investors
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2480702/baht-boosted-by-foreign-investors

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