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The baht opened at 31.26 per dollar on October 29, weakening from 31.18. Risk-off sentiment followed new European lockdowns, with the S&P 500 down 3.5% and WTI crude down 5.6% in one day.
Lockdown-driven oil demand fears weigh on energy and commodity-linked currencies, and a stronger dollar tends to pressure dollar-priced grain and oilseed values.
nationthailand.comOct 29, 2020Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
