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An analyst at Krungsri Securities said the baht could fall another 3-4% after reaching its lowest level since late 2017, around 33 per dollar. The currency has lost more than 9% against the dollar since the end of 2020.
Thailand's growth is expected to lag regional peers until at least 2022.
A continued baht decline would raise the local cost of dollar-priced feed imports. The outlook of slower growth also points to weaker feed demand in Thailand.
thaienquirer.comPanithan OnthawornAug 4, 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.
