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The Bank of Thailand said the baht's rise of about 5% was in line with a broad rally in Asian currencies. It attributed the move to investor confidence that the Federal Reserve may ease its rate hikes after cooler US inflation data, and to signs that China may relax its zero-Covid policy.
Foreigners bought 107 billion baht of Thai assets between November 1 and 10.
Foreign inflows into Thai assets strengthen the baht, which lowers the local cost of dollar-priced feed imports. The effect on global feed markets is small.
nationthailand.comNov 12, 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.
