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The Thai baht hovered near its weakest level since July 2017 and was on track for its worst month since July 2000. Emerging Asian currencies broadly weakened as the US dollar gained on expectations that the Federal Reserve would taper asset purchases.
The Bank of Thailand left its policy rate unchanged and signalled no near-term cuts.
A weaker baht raises the local-currency cost of imported feed ingredients for Thailand, while a firmer dollar tends to pressure dollar-denominated grain and meal prices. The effect on global feed prices is modest.
abokifx.comSep 30, 2021Not 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.
