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Kasikornbank forecasts the baht will strengthen to 29.25 per US dollar by the end of 2020. The bank cites structural problems in the US and external uncertainties as reasons for the expected move.
A stronger baht lowers the local cost of dollar-priced feed ingredient imports into Thailand. It also makes Thai exports less competitive, which matters for regional feed and poultry trade.
bangkokpost.comSomruedi BanchongduangNov 27, 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.
