# Baht strengthens as dollar falls after Fed meeting

> 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.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-03-20 | [Dollar weakens after Fed meeting, yen strengthens](https://feedsoft.ai/events/31389-dollar-weakens-after-fed-meeting-yen-strengthens.md) | +0.1% | +1.8% |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |
| DXY | 2023-03-21 | [Dollar, Sterling Fall Ahead Of Fed, BoE Meetings Amid Banking Stress](https://feedsoft.ai/events/37061-dollar-sterling-fall-ahead-of-fed-boe-meetings-amid-banking-stress.md) | -0.6% | -1.4% |
| DXY | 2019-06-20 | [Dollar falls to 2-week low after Federal Reserve meeting](https://feedsoft.ai/events/7438-dollar-falls-to-2-week-low-after-federal-reserve-meeting.md) | -1.1% | -0.8% |
| DXY | 2020-03-16 | [Baht strengthens](https://feedsoft.ai/events/54389-baht-strengthens.md) | +3.7% | +1.4% |

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30389433

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