# Covid situation and US Fed move could decide bahts direction

> 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.

- Date: 2021-07-27 · published 2021-07-27T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/46337-covid-situation-and-us-fed-move-could-decide-bahts-direction
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: neutral

## Sources

- nationthailand.com: https://www.nationthailand.com/business/40003805

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