# Thai baht falls to 9-month low, broader market rebounds - Markets - Business Recorder

> 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.

- Date: 2021-06-22 · published 2021-06-22T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/46857-thai-baht-falls-to-9-month-low-broader-market-rebounds-markets-business-recorder
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

This is a regional FX move driven by Fed policy expectations, with no direct supply or demand effect on feed commodities.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40102047

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