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The baht opened at 31.29 per dollar on April 21, weakening from 31.27 the prior day. Krungthai Bank expects further weakness as the Covid-19 crisis drives safe-haven dollar demand and companies buy dollars to pay dividends.
Continued baht weakness would raise the local-currency cost of dollar-priced feed ingredients for Thai buyers.
nationthailand.comApr 21, 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.
