Loading…
The Thai baht has gained more than 6 percent against the US dollar in 2019 but is losing momentum. It has climbed just 0.1 percent in December and is trading near 30.18 per dollar, with its upside capped since late October.
Easing US-China trade tensions could weaken its haven demand.
Reduced haven demand for the baht would weaken it against the dollar, which supports Thai export competitiveness. The impact on feed commodity markets is limited.
octaafrica.netDec 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.
