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The baht opened at 31.75 per US dollar on March 16, strengthening from Friday's close of 31.80. The Fed cut rates by a point to near zero and announced $700 billion in MBS and Treasury purchases.
Fed easing tends to weaken the dollar and support Asian currencies, which lowers the local-currency cost of dollar-priced feed imports.
nationthailand.comMar 16, 2020Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
