Loading…
The Bank of Thailand said its flexible inflation targeting framework allows multiple policy tools, after the US Federal Reserve adopted a similar framework on August 27. The BOT said the approach lets it keep rates lower for longer and use financial-sector measures.
A looser US policy stance tends to weaken the dollar, which can support dollar-priced commodities and lower the baht cost of feed imports.
nationthailand.comAug 28, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
