# Thai Baht at Crossroads as Economy Seen Bottoming Out This Year | Canada News Media

> Bloomberg reports the baht is the second-worst performing Asian currency this year, down almost 4% against the dollar, though it gained 0.5% in August. Analysts see the economy bottoming in the second half, and the Bank of Thailand has signaled it may act to limit rapid appreciation.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51887-thai-baht-at-crossroads-as-economy-seen-bottoming-out-this-year-canada-news
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Currency weakness raises import costs for Thai feed buyers, while expected economic recovery could support domestic feed demand later.

## Read by commodity

- USDTHB: neutral

## Sources

- canadanewsmedia.ca: https://canadanewsmedia.ca/thai-baht-at-crossroads-as-economy-seen-bottoming-out-this-year/

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