# Thai baht, Indonesian rupiah at multi-month lows as virus curbs weigh

> The baht fell to its lowest level since May 2020 on July 2 as rising coronavirus infections and new semi-lockdown measures weighed on the currency. The Indonesian rupiah also hit a 2.5-month low, pressured by a strong U.S. dollar.

- Date: 2021-07-02 · published 2021-07-02T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/46336-thai-baht-indonesian-rupiah-at-multi-month-lows-as-virus-curbs-weigh
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker Southeast Asian currencies raise the dollar cost of imported feed ingredients and can squeeze regional feed margins. Demand for animal protein may soften as lockdowns hit domestic consumption.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-31 | [Thai Baht, Indonesian Rupiah Under Pressure as Fed Hike Odds Climb](https://feedsoft.ai/events/18172-thai-baht-indonesian-rupiah-under-pressure-as-fed-hike-odds-climb.md) | -0.6% | +1.6% |
| DXY | 2024-10-22 | [Bank Indonesia intervenes as Trump, Fed jitters weigh on rupiah - The Business Times](https://feedsoft.ai/events/28172-bank-indonesia-intervenes-as-trump-fed-jitters-weigh-on-rupiah-the-business.md) | +0.3% | +1.5% |
| DXY | 2021-06-21 | [Baht, peso plumb multi-month lows to lead Asian FX falls \| Financial Post](https://feedsoft.ai/events/46860-baht-peso-plumb-multi-month-lows-to-lead-asian-fx-falls-financial-post.md) | -1.0% | +0.4% |
| DXY | 2024-05-30 | [Asian currencies: Indonesia rupiah hits weakest since early May](https://feedsoft.ai/events/30581-asian-currencies-indonesia-rupiah-hits-weakest-since-early-may.md) | +0.3% | +1.8% |
| DXY | 2026-09-28 | [Asian currencies: Thai baht hits two-month low as oil prices surge - Markets - Business Recorder](https://feedsoft.ai/events/17732-asian-currencies-thai-baht-hits-two-month-low-as-oil-prices-surge-markets.md) | +0.9% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/thai-baht-indonesian-rupiah-at-multi-month-lows-as-virus-curbs-weigh-idUSL3N2OE1IO/

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