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The baht tested 30.30 per dollar, its strongest level in more than six years, and is Asia's best-performing currency so far in 2019. KResearch attributes the gain mainly to Thailand's current account surplus and safe-haven status rather than capital inflows.
A stronger baht erodes the competitiveness of Thai exports, including agricultural goods, which can weigh on regional export pricing. The effect is a currency move rather than a change in feed supply.
kasikornresearch.comOct 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.
