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The Bank of Thailand warned that the recent strengthening of the baht against the dollar may not be sustainable. The baht weakened to about Bt33 in March but has moved into the Bt32 range recently, while the current account surplus fell sharply to $700 million in March from $5.4 billion in February.
A weaker tourism and export income base pressures the baht's current account, which could reverse recent currency gains and affect the cost of imported feed ingredients priced in dollars for Thai buyers.
nationthailand.comApr 30, 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.
