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The Thai baht, Asia's best-performing currency in 2019, has lost momentum as easing US-China trade tensions reduce its safe-haven appeal. It rose only 0.1 percent in December and traded around 30.2 per dollar.
The central bank has cut its growth forecasts and is trying to restrain the currency's strength.
A weakening baht would make Thai exports more competitive, while the slowing economy points to softer demand for imported feed inputs. The outlook implies a modest rise in USD/THB.
straitstimes.comDec 23, 2019Not 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.
