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The baht weakened to about 35 per dollar on December 16, from 34.92 the day before. Weak US November retail sales and an ECB rate hike to 2% pushed European stocks lower and risk sentiment down.
A weaker baht raises the local cost of imported feed ingredients, while risk-off moves add volatility to dollar-linked commodity pricing.
thethaiger.comTara AbhasakunDec 16, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
