# Thai baht, Asian FX gain as oil prices come off the boil | Financial Post

> The Thai baht led Asian currency gains on Friday, rising 0.5% as crude prices eased on talk of US and allied oil reserve releases. The baht was still on track for a weekly loss, its fifth straight weekly decline this year.

- Date: 2022-03-25 · published 2022-03-25T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/42509-thai-baht-asian-fx-gain-as-oil-prices-come-off-the-boil-financial-post
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude prices reduce energy and freight costs for feed importers, while weaker regional currencies raise the local price of imported feed ingredients.

## Read by commodity

- WTI: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-11-18 | [Canadian dollar extends weekly decline as oil prices slide \| Financial Post](https://feedsoft.ai/events/38908-canadian-dollar-extends-weekly-decline-as-oil-prices-slide-financial-post.md) | -6.5% | -9.1% |
| WTI | 2022-03-15 | [Posthaste: Why the loonie has taken its foot off the gas during this oil boom - Financial Post](https://feedsoft.ai/events/42502-posthaste-why-the-loonie-has-taken-its-foot-off-the-gas-during-this-oil-boom.md) | +8.7% | -8.6% |
| WTI | 2020-07-28 | [Colombian peso hits lowest in a month on weak oil price \| Financial Post](https://feedsoft.ai/events/52400-colombian-peso-hits-lowest-in-a-month-on-weak-oil-price-financial-post.md) | -1.5% | +2.4% |
| WTI | 2021-10-21 | [Canadian dollar falls by most in three weeks as oil stumbles \| Financial Post](https://feedsoft.ai/events/44823-canadian-dollar-falls-by-most-in-three-weeks-as-oil-stumbles-financial-post.md) | -1.9% | -7.0% |
| WTI | 2020-07-23 | [Latam FX weakens, Brazil's real comes off one-month high \| Financial Post](https://feedsoft.ai/events/52312-latam-fx-weakens-brazil-s-real-comes-off-one-month-high-financial-post.md) | -1.7% | +2.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/thai-baht-asian-fx-gain-as-oil-prices-come-off-the-boil

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