Loading…
Thailand's baht has become Asia's worst-performing currency as the collapse in tourism weighs on the economy. Commerzbank sees the baht falling to 32 per dollar, with Japanese outflows and a current-account deficit adding pressure.
A weaker baht with tourism collapsed points to Thai economic weakness and FX-driven currency moves that matter for feed input costs priced in USD and imported into Thailand.
bloomberg.comLilian KarununganMar 30, 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.
