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The baht opened at 33.79 per dollar on March 29, weakening from the prior close and extending a six-week slide. Strategist Poon Panichpibool cited Covid-19 disruption in China, yen-buying by Japanese firms, and selling of long-term Thai bonds.
A weaker baht raises the local cost of imported feed ingredients for Thailand, and China's lockdowns also weigh on demand for Thai agricultural exports.
nationthailand.comMar 29, 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.
