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The baht opened at 37.60 per dollar on October 10, weakening from Friday's close of 37.37 to a 26-year low. A Krungthai strategist expected a range of 37.50 to 37.75 for the day, with a risk of weakening toward 37.80 to 37.90 if risk-off sentiment persists.
Concern over another Fed rate hike and falling gold prices was cited.
A 26-year low for the baht raises the local cost of dollar-priced feed imports into Thailand and adds to inflation pressure on feed buyers.
nationthailand.comOct 10, 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.
