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The baht opened at 32.90 per dollar on July 27, slightly stronger than the prior week's close of 32.92. Krungthai Bank says the currency will be driven by the dollar's direction and Covid developments, and it could fall to 33 if the Thai outbreak worsens.
The outlook points to a narrow trading range, but a worsening Covid situation or a firmer dollar would raise Thai feed import costs. Buyers may need to hedge dollar exposure.
nationthailand.comJul 27, 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.
