# USD/THB: Weak macro to oddly support the baht - ANZ - Forex Crunch

> 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.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51391-usd-thb-weak-macro-to-oddly-support-the-baht-anz-forex-crunch
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/09/30/usd-thb-weak-macro-to-oddly-support-the-baht-anz/

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