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On December 9, 2020, the Bank of Thailand blamed a rapidly weakening US dollar for the stronger baht, which reached a two-year high of 30.023 per dollar. Regional currencies including the yuan, won and Singapore dollar also appreciated sharply, while Thai exporters complained about lost competitiveness.
A weaker dollar lifts Asian currencies and makes dollar-priced feed imports cheaper in local terms, but it also squeezes exporters' margins in Thailand.
nationthailand.comDec 9, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
