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Economists expect the baht to strengthen further as the China-U.S. tariff escalation drives foreign capital into Thai bonds. They also expect Thai exports to keep weakening.
The article cites retaliatory tariffs of 5-10% on $75 billion of U.S. goods and a 15% increase on $300 billion of Chinese goods.
Expected baht strength would lower the local-currency value of Thai export earnings and reduce the cost of dollar-priced imports. Weaker Thai export volumes also point to softer regional demand for agricultural and electronics shipments.
thethaiger.comThaigerAug 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.
