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The baht was quoted at Bt33.09 per dollar on April 2, having weakened about 9.5 percent so far in 2020. US stocks fell sharply, the 10-year Treasury yield dropped to 0.58 percent, and jobless claims surged.
Risk-off flows and a stronger dollar push emerging Asian currencies lower, raising import costs for Thai feed buyers while weak demand pressures regional prices.
search.bangkokpost.comApr 17, 2020Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
