# Baht on the slide for sixth consecutive week

> 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.

- Date: 2022-03-29 · published 2022-03-29T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/42510-baht-on-the-slide-for-sixth-consecutive-week
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/40013933

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