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The Thai baht has weakened since January as the central bank previously tried to stem its appreciation, which hurt export competitiveness. The article cites the coronavirus and a slowing economy with export contraction in 2019 as factors pushing the currency lower.
A reversal in the baht reflects the end of a strong-currency period that hurt Thai exports, a macro currency move with minimal direct effect on feed commodities.
exportplanning.comAlba Di Rosa, Marzia Moccia, Marcello AntonioniJan 31, 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.
