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ING says the Thai baht ended Q1 2021 as Asia's weakest currency and forecasts USD/THB rising to 31.90 by end-Q2 before easing toward 31.30 by year-end. February manufacturing output fell 1.1% year-on-year and the current account posted a fourth straight monthly deficit.
A weak baht and contracting Thai activity lift the local cost of dollar-priced feed imports and reduce demand for feed in Thailand, a modest bearish signal for feed demand.
think.ing.comMar 31, 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.
