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The baht sold off early in the week of December 9 after stronger-than-expected Chinese PMI data, falling to a one-month low of 30.38 per dollar. The Bank of Thailand warned the currency would be volatile and unlikely to keep one-sided gains.
Kasikorn Research expected a trading range of 30.20 to 30.50.
Baht volatility affects Thai importers' costs and export margins, and a weaker baht supports Thai export competitiveness. The impact on feed commodity markets is minor.
nationthailand.comDec 9, 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.
