# Baht expected to weaken today

> 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.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/50880-baht-expected-to-weaken-today
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -2.6% | -61.0% |
| WTI | 2018-10-23 | [As Expected the Bank of Canada Raises it’s Benchmark Overnight Rate. - OFX (HK)](https://feedsoft.ai/events/62787-as-expected-the-bank-of-canada-raises-it-s-benchmark-overnight-rate-ofx-hk.md) | -3.2% | -17.6% |
| WTI | 2023-07-03 | [Colombian Peso To Weaken Slightly In H223, But Will Retain M](https://feedsoft.ai/events/35315-colombian-peso-to-weaken-slightly-in-h223-but-will-retain-m.md) | +3.4% | +15.8% |
| WTI | 2025-04-25 | [Colombia's central bank expected to hold rates despite government pressure: Reuters poll \| Reuters](https://feedsoft.ai/events/25406-colombia-s-central-bank-expected-to-hold-rates-despite-government-pressure.md) | -5.0% | -1.9% |
| WTI | 2024-09-18 | [Crude oil prices today: WTI, Brent lower as Fed cuts rates](https://feedsoft.ai/events/28216-crude-oil-prices-today-wti-brent-lower-as-fed-cuts-rates.md) | +0.3% | -1.2% |
| DXY | 2017-03-08 | [US rate rise expected, Thai outflows surge, baht weakens](https://feedsoft.ai/events/72261-us-rate-rise-expected-thai-outflows-surge-baht-weakens.md) | +0.1% | -1.2% |
| DXY | 2024-12-19 | [Thai Baht opens at 34.58 per US dollar, expected to weaken further - Pattaya Mail](https://feedsoft.ai/events/27248-thai-baht-opens-at-34-58-per-us-dollar-expected-to-weaken-further-pattaya-mail.md) | +0.5% | +1.4% |
| DXY | 2018-10-30 | [BOT expected to hike key interest rate](https://feedsoft.ai/events/62795-bot-expected-to-hike-key-interest-rate.md) | -0.2% | +0.8% |

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30396959

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