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TMBThanachart explains that the baht has appreciated more than 5% since March despite weak foreign demand, citing dollar weakness and capital flows. Q2 GDP contracted 12.2%, and exports fell 12.4% in the first seven months of the year.
The bank says the baht's strength is hurting exports and tourism.
A strong baht makes Thai exports and feed-related imports more expensive, which can reduce Thai demand for imported feed ingredients.
ttbbank.comSep 10, 2020Not 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.
