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Kasikornbank trimmed its end-2019 baht forecast to 30.50 per US dollar from 31. The bank assumes the Federal Reserve will cut its policy rate twice during the rest of the year.
A forecast of a stronger baht with Fed cuts signals expected currency moves that affect Thai import costs; the commodity impact is modest.
search.bangkokpost.comSep 26, 2019Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
