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The Thai baht rallied about 1.5% in May after falling more than 7% in the first four months of 2020, making it Asia's top performer. Traders are betting on a fast tourism-led recovery as economies reopen, though the government warned the economy could contract as much as 6% this year.
The baht's rebound reflects expectations of recovery in Thailand's tourism sector and modestly lowers the cost of imported feed for Thai buyers. The rally may be limited by the expected economic contraction.
malaysia-today.netadsbygoogle = window.adsbygoogleMay 20, 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.
