# abokiFX News | Forex Updates

> 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.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/45328-abokifx-news-forex-updates
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- abokifx.com: https://abokifx.com/news/thai-baht-headed-for-worst-month-in-2-decades-s-korean-won-leads-asian-fx-lower-reuters?type=market

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