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The baht opened at 33.35 per dollar, unchanged from the previous close, and slid despite a firmer US dollar. Exporters continued selling dollars, while investors short-sold the baht as COVID cases approached their peak.
Analysts flagged resistance at 33.40 to 33.50 and support near 33.00.
Currency moves like this change the baht cost of dollar-priced feed imports in Thailand. Traders watching the Fed's possible tapering could see further pressure on Asian emerging-market currencies.
nationthailand.comAug 20, 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.
