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The baht has slid for weeks as COVID infections and deaths surged, reaching 33.39 per dollar, its weakest in almost three years. Kasikorn Research said the currency reflects divergence between a slow Thai recovery and a faster US recovery.
Thailand's vaccination coverage is under 10% of the population.
A weaker baht raises the cost of imported feed ingredients for Thai producers, while slow vaccination prolongs restrictions that cut demand. Analysts see a possible rebound only if the outbreak is contained.
thaipbsworld.comAug 12, 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.
