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The baht has risen almost 6% against the dollar over the past month, making it Asia's second-best performing currency. The gains followed China's loosening of Covid curbs and bets that the Federal Reserve will slow its rate hikes.
Analysts say the rally could stall without a return of Chinese tourists.
A stronger baht lowers the local-currency cost of Thai feed imports, but the link to global feed prices is weak. The reopening of China is a demand signal for regional tourism and trade.
bloomberg.comDavid FinnertyNov 21, 2022Not 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.
