# Sharp Fed rate hike has become the main factor weighing on the Thai Baht…Although Thai interest rates start to rise, Fed rate hikes accelerate
 - KASIKORN RESEARCH CENTER

> 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.

- Date: 2022-06-17 · published 2022-06-17T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/41224-sharp-fed-rate-hike-has-become-the-main-factor-weighing-on-the-thai-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Widening rate spreads versus the US keep pressure on the baht, raising the local cost of USD-priced feed imports.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- kasikornresearch.com: https://www.kasikornresearch.com/en/analysis/k-social-media/Pages/FED-FB-17-06-2022.aspx

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