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The baht weakened after the resignations of Deputy Prime Minister Somkid Jatusripitak and four other officials amid a leadership reshuffle. It touched 31.76 per dollar and is Asia's weakest currency year to date, down 5.5%.
Political uncertainty and foreign outflows weaken the baht, which raises the cost of Thai dollar-priced feed imports for local buyers.
bangkokpost.comSomruedi BanchongduangJul 16, 2020Not 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.
