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The baht slid to its lowest in over a year after the Bank of Thailand held rates at 0.5% and cut its 2021 growth forecast to 1.8% from 3%, citing tourism losses. Most other Asian currencies rose as Fed officials reassured markets that rates would not rise too quickly.
The currency and growth story is macro-driven and has little direct impact on grain or oilseed prices, so feed buyers should see only a minor change in Thai import costs.
bangkokpost.comReutersJun 23, 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.
