# Most Asian FX rises; Thai baht, equities gain on growth view | Financial Post

> Most Asian emerging currencies rose on August 31 as the dollar softened, with the Thai baht and stocks outperforming after the government raised its 2022 growth forecast to 3-3.5%. The baht gained 0.3% as tourism recovered and the Bank of Thailand began hiking rates. The South Korean won was the top gainer in the region.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/40312-most-asian-fx-rises-thai-baht-equities-gain-on-growth-view-financial-post
- 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 firmer baht and stronger Thai growth outlook support local purchasing power for imported feed, while tourism and export strength support demand for feed and protein.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-23 | [Asian currencies gain as Fed reassures on rates; Thai cbank in focus \| Financial Post](https://feedsoft.ai/events/46859-asian-currencies-gain-as-fed-reassures-on-rates-thai-cbank-in-focus-financial.md) | -0.6% | +0.4% |
| DXY | 2023-03-13 | [Thai baht climbs as Asian currencies gain on weak US dollar](https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar.md) | +0.3% | -1.6% |
| DXY | 2022-11-22 | [C$ rises as October flash economic estimates show gains \| Financial Post](https://feedsoft.ai/events/38910-c-rises-as-october-flash-economic-estimates-show-gains-financial-post.md) | -0.8% | -2.1% |
| DXY | 2022-05-05 | [Asian currencies rise on less hawkish Fed, Thai baht and Indian rupee top gainers \| Reuters](https://feedsoft.ai/events/10990-asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top.md) | +0.7% | -1.2% |
| DXY | 2020-06-08 | [Dollar dips as commodity currencies gain on recovery hopes \| Financial Post](https://feedsoft.ai/events/52527-dollar-dips-as-commodity-currencies-gain-on-recovery-hopes-financial-post.md) | +0.7% | +0.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/most-asian-fx-rises-thai-baht-equities-gain-on-growth-view

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