# Baht declines as business confidence wanes - Thai Examiner

> The baht fell as confidence weakened over Thailand's plan to reopen to foreign tourists from mid-October amid a fourth virus wave, with capital outflows from the kingdom. The currency sank below 32 per dollar to a 13-month low, and the Bank of Thailand confirmed strong outflows in late 2020 and May 2021.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/46856-baht-declines-as-business-confidence-wanes-thai-examiner
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

The story is a currency and macro sentiment move tied to the pandemic and tourism, with little direct effect on feed grain or meal prices.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- thaiexaminer.com: https://www.thaiexaminer.com/thai-news-foreigners/2021/06/30/baht-declines-as-business-confidence-wanes/

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