# Baht strengthens amid global trade recovery, mass bond purchases

> The baht opened at 31.25 per US dollar on August 27, strengthening from the prior close of 31.36. SCB Securities said the currency was expected to trade between 31.10 and 31.30, citing global trade recovery and foreign bond buying.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51884-baht-strengthens-amid-global-trade-recovery-mass-bond-purchases
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger baht lowers the local-currency cost of dollar-priced feed imports for Thailand, a modest supportive factor for feed buyers there.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30393594

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