# Krungthai reveals baht this morning "Appreciated" to 34.58 baht/dollar on news of US inflation being slower than expected - Money & Banking Magazine

> US CPI rose 7.1% and core CPI 6.0%, both slower than expected, boosting hopes the Fed would slow its rate hikes. Risk assets rallied, and the baht strengthened to 34.58 per dollar.

- Date: 2022-12-14 · published 2022-12-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38471-krungthai-reveals-baht-this-morning-appreciated-to-34-58-baht-dollar-on-news-of
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Softer US inflation weakens the dollar, which tends to support dollar-priced commodities and lowers import costs for baht-based buyers.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-13 | [Krungthai reveals the value of the baht opening this morning. “Appreciated” 33.10 baht per dollar US inflation slows as the market expects - Money & Banking Magazine](https://feedsoft.ai/events/38068-krungthai-reveals-the-value-of-the-baht-opening-this-morning-appreciated-33-10.md) | -0.1% | +0.6% |
| DXY | 2023-01-23 | [SCB CIO sees the "baht" reaching 33-34 baht/US dollar at the end of the year. Recommends foreign investment to prevent exchange rate risk - Money & Banking Magazine](https://feedsoft.ai/events/38067-scb-cio-sees-the-baht-reaching-33-34-baht-us-dollar-at-the-end-of-the-year.md) | -0.4% | +1.0% |
| DXY | 2025-04-22 | [SCB FM points out that the baht is strengthening rapidly, watch for short-term depreciation from Tariffs, expecting the MPC to cut interest rates - Money & Banking Magazine](https://feedsoft.ai/events/25394-scb-fm-points-out-that-the-baht-is-strengthening-rapidly-watch-for-short-term.md) | +0.3% | +0.1% |
| DXY | 2023-04-12 | [Oil rises 2% on lower-than-expected US inflation data \| Reuters](https://feedsoft.ai/events/36559-oil-rises-2-on-lower-than-expected-us-inflation-data-reuters.md) | -0.4% | -0.6% |
| DXY | 2023-07-12 | [US dollar stumbles, drops to more than one-year low as inflation eases in June](https://feedsoft.ai/events/9977-us-dollar-stumbles-drops-to-more-than-one-year-low-as-inflation-eases-in-june.md) | -1.4% | +0.8% |

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2022/11912/

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