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Most Asian currencies fell against a stronger dollar on Thursday, with the baht shedding more than 1% after a quarter-point rate hike. The Bank of Thailand said it stands ready to adjust tightening pace or hold an off-cycle meeting.
The baht hovered near 38.45 per dollar, a level not seen in more than 16 years.
A stronger dollar lifts the cost of imported feed ingredients for Thai buyers, while regional currency weakness can shift Asian import demand. Stabilization efforts by several central banks could provide only a temporary reprieve.
financialpost.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.
