# Baht appreciates amid speculation by investors

> The baht opened at 31.61 per US dollar, strengthening from 31.73 at Tuesday's close. Strategists expected it to trade between 31.50 and 31.70, with the move tied to a weaker dollar and investor flows into Thai stocks and bonds. Gold rose to $1,898 an ounce and WTI crude fell 3.5%.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51384-baht-appreciates-amid-speculation-by-investors
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht makes Thai imports cheaper and weighs on the cost of dollar-priced feed inputs bought by Thai buyers, though the effect on global feed prices is small.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30395367

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