# Exporters sale of dollars checks bahts slide despite strengthening US currency

> 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.

- Date: 2021-08-20 · published 2021-08-20T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/45829-exporters-sale-of-dollars-checks-bahts-slide-despite-strengthening-us-currency
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/40004990

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