# Baht strengthens

> 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.

- Date: 2020-03-16 · published 2020-03-16T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/54389-baht-strengthens
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Fed easing tends to weaken the dollar and support Asian currencies, which lowers the local-currency cost of dollar-priced feed imports.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-06-11 | [Baht strengthens as dollar falls after Fed meeting](https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting.md) | +1.2% | +0.8% |
| DXY | 2017-04-17 | [Baht expected to strengthen to 21-month high](https://feedsoft.ai/events/71749-baht-expected-to-strengthen-to-21-month-high.md) | +0.2% | +0.2% |
| DXY | 2023-12-28 | [Baht continues to strengthen as gold price rises](https://feedsoft.ai/events/32970-baht-continues-to-strengthen-as-gold-price-rises.md) | +1.0% | +1.8% |
| DXY | 2023-02-28 | [Bangkok Post - Baht tipped to strengthen after US rates peak](https://feedsoft.ai/events/37583-bangkok-post-baht-tipped-to-strengthen-after-us-rates-peak.md) | -0.7% | -0.9% |
| DXY | 2025-09-18 | [Brazilian Real Strengthens to Over 1-Year High](https://feedsoft.ai/events/23089-brazilian-real-strengthens-to-over-1-year-high.md) | +0.8% | +1.3% |

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30384170

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.