# Baht unchanged as currency market awaits Fed chief's meeting with US Congress

> The baht opened unchanged at 29.98 per US dollar on Monday, February 22, 2021. Analysts expected a narrow trading range while markets awaited Fed Chair Jerome Powell's congressional testimony on the $1.9 trillion stimulus package, inflation and quantitative easing.

- Date: 2021-02-22 · published 2021-02-22T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/48903-baht-unchanged-as-currency-market-awaits-fed-chief-s-meeting-with-us-congress
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stable baht with a weak dollar outlook keeps Thai exporter and importer costs steady for feed ingredients priced in dollars, with little direct price effect on grain or meal.

## Read by commodity

- USDTHB: neutral

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30402907

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