# Baht drops against dollar to 5-year low, poised to drop further - Thai Enquirer Market Watch

> The baht weakened to about 34 per US dollar on Tuesday, its lowest level against the greenback in five years. Analysts warned of further losses amid Federal Reserve rate hikes and COVID-19 outbreaks in China.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/42081-baht-drops-against-dollar-to-5-year-low-poised-to-drop-further-thai-enquirer
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Baht weakness raises the local-currency cost of imported feed ingredients for Thailand, and analysts expect further depreciation, which keeps import costs elevated.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- thaienquirer.com: https://www.thaienquirer.com/39692/baht-drops-against-dollar-to-5-year-low-poised-to-drop-further/

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