# Thai baht, Philippine peso lead Asian FX lower; stocks drop - Markets - Business Recorder

> The Thai baht fell as much as 0.5% to its lowest since January 2017 on Wednesday, amid broader regional currency weakness. Bank of Thailand minutes showed a more hawkish tone, and the Philippine peso also hit a multi-year low.

- Date: 2022-06-22 · published 2022-06-22T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/41222-thai-baht-philippine-peso-lead-asian-fx-lower-stocks-drop-markets-business
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Continued baht and regional currency weakness raises import costs for USD-priced feed ingredients in Southeast Asia.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40181722

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