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The Thai baht has lost its status as Asia's best-performing currency after easing US-China trade tensions reduced its appeal as a haven. It gained only 0.1 percent in December and fell to around 30.2 per dollar.
The central bank is working to temper its strength as local bond yields fall and equity outflows continue.
A weaker baht would improve Thai export competitiveness, though slowing regional growth limits the impact on feed demand. The move points to a modest rise in USD/THB.
btimesonline.comLeian Kae NadumaDec 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.
