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The baht opened at 31.08 per dollar on June 11, stronger than the previous close of 31.35, after the dollar fell following the Federal Reserve meeting. Fed Chair Jerome Powell said the committee had discussed yield curve control but reached no conclusion.
The Fed projected unemployment of 9.3% for 2020 and inflation of 1% that year.
A weaker dollar after the Fed meeting lifts Asian currencies, including the baht, and makes dollar-priced commodities relatively cheaper for importers in the region. The effect on feed prices is modest and comes through currency and risk sentiment.
nationthailand.comJun 11, 2020Not enough comparable past events yet for a historical read.
After 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.
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.
