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The Bank of Thailand's policy statement and economic data have made the baht a focus, with exports having contracted for four straight months through June. The central bank cut its 2019 GDP growth forecast to 3.3% from 3.8% and has introduced measures to slow capital inflows.
Commentary holds that the strong baht is hurting exports and tourism.
Continued baht strength squeezes export margins and weakens demand for regional goods, which can dampen Thai import appetite for feed ingredients. The article is largely analysis, with no sharp new shock to prices.
thediplomat.comPhornchanok CumperayotAug 30, 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.
