Loading…
The baht strengthened to 29.90 per dollar on January 4, 2021, as the dollar sold off broadly after the Federal Reserve kept policy easy. Analysts expected cautious trading due to regional lockdowns and economic slowdown concerns.
A stronger baht driven by dollar weakness has no meaningful mechanism for feed grain prices, though it may slightly lower Thai import costs.
nationthailand.comJan 4, 2021Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
