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The Thai baht lost as much as 1% and hit its weakest level since Feb. 9, extending last week's near 1% decline.
Krung Thai Bank blamed poor liquidity, surging oil prices and a possible hit from fewer Russian tourists.
A weaker baht raises the dollar cost of Thai-denominated imports, including feed inputs, and oil at higher prices adds cost pressure on Thai feed producers.
reuters.comHarshita SwaminathanFeb 28, 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.
