# Baht rebounds on expectations that China will ease Covid controls

> The baht opened at 35.40 per dollar on November 30, strengthening slightly from 35.42 the previous close. Investors bet that China would ease Covid controls sooner than expected, which offset dollar strength and a weaker gold price. Analysts warned that the Federal Reserve's policy signals could still pressure the currency.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/38965-baht-rebounds-on-expectations-that-china-will-ease-covid-controls
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Expectations of Chinese reopening support regional demand and currencies, which lowers the baht's import cost. The effect on feed markets is limited.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/thailand/economy/40022597

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