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The Thai baht has been little changed during the trade war while the rupee and won weakened about 3%. Strategists expect the currency to keep its safe-haven status because of Thailand's current-account surplus and record foreign reserves.
One forecaster projects 30.25 per dollar by year-end from about 30.74.
The baht's resilience means Thai importers face a stable cost base relative to other emerging-market buyers. The safe-haven status suggests limited exchange-rate pressure on feed purchases.
fortune.comLilian Karunungan, Suttinee Yuvejwattana, BloombergAug 6, 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.
