# Thai Baht Performs Poorly against Greenback amid Economic Recovery Uncertainty and Ukraine War - KAOHOON INTERNATIONAL

> The Thai baht has fallen against the dollar since mid-February, when it traded at 32.10, and closed at 33.70 on March 28. Analysts attribute the slide to safe-haven demand after the Ukraine war and to economic recovery concerns, including a new Shanghai lockdown.

- Date: 2022-03-29 · published 2022-03-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/42511-thai-baht-performs-poorly-against-greenback-amid-economic-recovery-uncertainty
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht raises import costs for Thai feed buyers, and expected Fed hikes add further dollar strength pressure.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- kaohooninternational.com: https://www.kaohooninternational.com/markets/509854

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