# Baht weakens over stronger dollar, falling gold prices

> The baht opened at 36.29 per dollar on August 29, weakening from Friday's close of 36.03. Analysts expected the dollar to strengthen on expectations of a 0.75 percentage point Federal Reserve hike in September. Falling gold prices were also cited as a drag on the baht.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/40309-baht-weakens-over-stronger-dollar-falling-gold-prices
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker baht raises the local-currency cost of dollar-priced imported feed ingredients such as soybean meal and corn, which adds to feed cost pressure in Thailand.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-30 | [Rupee weakens further amid strong dollar, rising oil prices - Daijiworld.com](https://feedsoft.ai/events/46886-rupee-weakens-further-amid-strong-dollar-rising-oil-prices-daijiworld-com.md) | +0.8% | +0.8% |
| DXY | 2016-08-31 | [Strong dollar remains anchor on prices](https://feedsoft.ai/events/12399-strong-dollar-remains-anchor-on-prices.md) | -1.2% | +0.3% |
| DXY | 2026-10-01 | [Rand weakens to three month low as stronger dollar and oil price weigh on South Africa](https://feedsoft.ai/events/17339-rand-weakens-to-three-month-low-as-stronger-dollar-and-oil-price-weigh-on-south.md) | +0.2% | +0.6% |
| DXY | 2024-11-08 | [Gold logs biggest weekly fall in over five months on dollar strength](https://feedsoft.ai/events/27335-gold-logs-biggest-weekly-fall-in-over-five-months-on-dollar-strength.md) | +1.7% | +1.5% |
| DXY | 2024-11-14 | [Why the Dollar Keeps Getting Stronger](https://feedsoft.ai/events/11852-why-the-dollar-keeps-getting-stronger.md) | -0.1% | -0.0% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/econ/40019459

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