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Kasikorn Research said the Fed raised rates 75 basis points in June to 1.50-1.75%, and signalled further hikes this year. The baht briefly rose above 35.00 per dollar on June 16 but then weakened again to around 35 per dollar.
Widening rate spreads versus the US keep pressure on the baht, raising the local cost of USD-priced feed imports.
kasikornresearch.comJun 17, 2022Not enough comparable past events yet for a historical read.
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.
