# Baht weakens as markets go into risk-off mode due to virus fears

> The baht opened at 30.12 per dollar on December 22, 2020, weakening from 30.06 the prior close as risk aversion rose on COVID lockdowns and a mutated virus strain in the UK. The S&P 500 and Stoxx 600 fell, WTI dropped 2.7%, and the VIX rose to 25.

- Date: 2020-12-22 · published 2020-12-22T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/49909-baht-weakens-as-markets-go-into-risk-off-mode-due-to-virus-fears
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Risk-off moves that pull crude lower reduce energy-linked costs, while the baht's short-term weakening has little lasting effect on feed trade.

## Read by commodity

- WTI: bearish ▼
- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30400006

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