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The baht is down 1.7% against the dollar month-to-date, but ANZ expects fundamentals to support currency strength in coming months. ANZ cites slow recovery, high gold prices and the central bank's planned gold trading rules as factors.
It forecasts USD/THB at 30.9 by end-2020.
A stronger baht forecast lowers the local cost of dollar-priced feed imports for Thai buyers, though the outlook is uncertain in the near term.
forexcrunch.comFX StreetSep 30, 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.
