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ANZ Bank expects USD/THB to weaken to 33.0 by the third quarter and 32.5 by year-end 2020. The forecast cites a historic growth slump in Thailand, with tourism expected to fall 60-80% globally and weaker exports.
A forecast of a firmer baht reflects weaker Thai demand and export earnings, which is a mild bearish signal for Thai demand for feed inputs and a background factor for regional feed costs.
forexcrunch.comFX StreetMay 28, 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.
