# USD/THB: Thai Baht faces reversal risk - Bloomberg — Octa

> 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.

- Date: 2019-12-23 · published 2019-12-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55843-usd-thb-thai-baht-faces-reversal-risk-bloomberg-octa
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/785822/

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