# The Baht strengthens…but close attention must be paid to volatility sparked by several factors, going forward (Current Issue No.3358)
 - KASIKORN RESEARCH CENTER

> The baht surged to THB 35.70 per dollar on November 11, breaking through 36.00 and reaching its strongest level in almost three months. The move followed a sell-off in the dollar on expectations that the Federal Reserve would slow its rate hikes. Foreign investors were net buyers of Thai stocks and bonds, and the US Treasury removed Thailand from its currency monitoring list.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/38968-the-baht-strengthens-but-close-attention-must-be-paid-to-volatility-sparked-by
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht reduces the local cost of dollar-priced feed imports, but the impact on global feed prices is minimal. The episode mainly reflects dollar weakness and Fed expectations.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- kasikornresearch.com: https://www.kasikornresearch.com/en/analysis/k-econ/financial/Pages/Baht-z3358.aspx

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