# Asian currencies decline against buoyant dollar; Thai baht slumps over 1% | Financial Post

> 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.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/39874-asian-currencies-decline-against-buoyant-dollar-thai-baht-slumps-over-1
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/asian-currencies-decline-against-buoyant-dollar-thai-baht-slumps-over-1

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