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Most emerging Asian currencies weakened against a stronger dollar on September 29, with the Thai baht falling more than 1% after a quarter-point rate hike. Governor Sethaput said the central bank is ready to adjust the pace of tightening and could hold an off-cycle meeting if needed.
The baht has lost about 12.7% against the dollar this year.
The baht's slide tracks broad dollar strength rather than a Thai-specific shock, so import costs for Thai feed users keep rising. Any policy shift toward faster tightening could eventually limit further baht weakness.
bangkokpost.comReutersSep 29, 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.
