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The Thai baht fell to a 15-month low against the dollar as the Delta-variant Covid epidemic dimmed investor hopes for a quick tourism and economic recovery. Its depreciation was sharper than that of regional peers such as the Malaysian ringgit and Philippine peso.
A weaker baht raises the cost of imported feed inputs for Thai producers, while a weak economy cuts domestic demand for animal protein. The currency move is the main near-term price signal for buyers in Thailand.
asia.nikkei.comMASAYUKI YUDA, Nikkei staff writerJul 30, 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.
