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The Thai baht fell to a near nine-month low as the Fed's hawkish turn weighed on regional currencies, and Asian equities rebounded after an overnight Wall Street gain. The Bank of Thailand was expected to keep its policy rate at a record low while trimming its growth outlook.
This is a regional FX move driven by Fed policy expectations, with no direct supply or demand effect on feed commodities.
brecorder.comReutersJun 22, 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.
