# Thailand hopes and prays for a weaker baht - Asia Times

> Asia Times reports the Bank of Thailand's new governor takes office October 1 and faces a strong baht. Thai GDP is projected to contract 8-10% this year, while the baht has been supported by strong reserves and fiscal position.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51888-thailand-hopes-and-prays-for-a-weaker-baht-asia-times
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A central bank policy shift on the baht could change import costs for Thai feed buyers, but the effect is indirect and not immediate.

## Read by commodity

- USDTHB: neutral

## Sources

- asiatimes.com: https://asiatimes.com/2020/08/thailand-hopes-and-prays-for-a-weaker-baht/

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