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The Thai baht lost half of its 2019 gains in a month, hitting a seven-month low of 31.11 per dollar on Thursday as emerging-market outflows and the coronavirus threatened tourism. China banned group tours to contain the virus, and the Tourism Authority of Thailand expects 2 million fewer Chinese visits this year.
A weaker baht and falling tourism revenue are a macro and currency story for Thailand; for feed buyers the baht move is secondary, though a weaker baht can lift Thai export competitiveness for commodities like rice and cassava.
bangkokpost.comReutersJan 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.
