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The Thai baht fell 0.31% to 33.53 per US dollar, breaking a four-year resistance level last seen in 2017. The move reflected expectations that the Federal Reserve could raise rates earlier than projected in 2022 and 2023.
Thai border reopening could be delayed until November due to low vaccination rates.
Currency weakness in Thailand raises import costs for feed inputs priced in dollars, but the direct effect on world feed prices is small. Tourism weakness is the main domestic driver.
kaohoon.comConglinSep 27, 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.
