# Baht plunges as China Covid protests rock investor sentiment

> The baht opened at 35.75 per US dollar on November 29, weakening from 35.54 the previous close. Analysts tied the pressure to China's Covid situation and protests, which raised concern about slowing growth in China, Thailand's top trading partner. Gold purchases after a price drop also weighed on the currency.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/38963-baht-plunges-as-china-covid-protests-rock-investor-sentiment
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht raises the local-currency cost of Thai imports, while Chinese demand concerns can weigh on regional trade and commodity demand. The effect on feed-ingredient prices is indirect.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/thailand/economy/40022555

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