# The baht feels the weight of strengthening US dollar | Thai PBS World

> The baht fell below 37 per dollar, a key psychological level, as the Federal Reserve's aggressive rate hikes widened the interest-rate gap with Thailand. The Bank of Thailand raised its policy rate by 0.25 points to 1%, but some analysts said that was too little to stop the currency's slide. Governor Sethaput defended the gradual approach.

- Date: 2022-10-11 · published 2022-10-11T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/39410-the-baht-feels-the-weight-of-strengthening-us-dollar-thai-pbs-world
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Rapid baht depreciation raises the local-currency cost of imported dollar-priced feed ingredients, and some analysts see risk of a further slide toward 40 per dollar.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- thaipbsworld.com: https://www.thaipbsworld.com/analysis/the-baht-feels-the-weight-of-strengthening-us-dollar

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