# Thai baht leads Asia FX lower after fresh sanctions on Russia | Reuters

> 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.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/42968-thai-baht-leads-asia-fx-lower-after-fresh-sanctions-on-russia-reuters
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/europe/thai-baht-leads-asia-fx-lower-after-fresh-sanctions-russia-2022-02-28/

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