# Baht leads losses among Asian FX on virus woes | Reuters

> The Thai baht extended losses to near a three-year low against the dollar, on track for its worst week since late March. The slide followed Thailand extending strict COVID containment measures and expanding lockdown areas. The central bank cut its 2021 growth forecast to 0.7%, and consumer confidence hit a record low in July.

- Date: 2021-08-06 · published 2021-08-06T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/45828-baht-leads-losses-among-asian-fx-on-virus-woes-reuters
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht raises the local cost of imported feed ingredients priced in dollars, such as corn and soybean meal, for Thai feed mills. Persistent lockdowns also weigh on demand for animal protein and feed.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/markets/us/baht-leads-losses-among-asian-fx-on-virus-woes-idUSL1N2PD0B6/

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