# Weak Thai economy prompts downgrade of Asia’s weakest currency | articles | ING THINK

> 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.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/48380-weak-thai-economy-prompts-downgrade-of-asia-s-weakest-currency-articles-ing
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/thailand-weak-economy-prompts-downgrade-of-the-thai-baht-outlook/

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