# Bangkok Post - Baht erodes further after Somkid's exit

> 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%.

- Date: 2020-07-16 · published 2020-07-16T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/52366-bangkok-post-baht-erodes-further-after-somkid-s-exit
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Political uncertainty and foreign outflows weaken the baht, which raises the cost of Thai dollar-priced feed imports for local buyers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1952700/baht-erodes-further-after-somkids-exit

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