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The baht opened at 34.46 per dollar on May 3, 2022, down from 34.22 at the prior Friday close. Traders expected the Federal Reserve to signal a rate increase at its meeting the next day, and the Ukraine conflict and China's COVID situation were also weighing on regional currencies.
Expected Fed tightening strengthens the dollar against Asian currencies, which raises the local cost of dollar-priced feed imports in Thailand.
nationthailand.comMay 3, 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.
