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Thailand's finance minister said the weakening baht is driven by external factors, while the central bank monitors it closely. The baht traded at its weakest against the dollar in over five years, pressured by the strong dollar and the yuan.
A weaker baht makes Thai imports of feed ingredients and energy costlier while lifting the local-currency value of Thai export demand, so feed buyers should expect higher landed costs for imported Asian feed inputs.
reuters.comKitiphong ThaichareonJul 6, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
