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The Thai baht led Asian currency and stock gains in the first half of 2019 despite the US-China trade war and regional elections. Its appreciation was supported by diverging monetary stances between the Bank of Thailand and the Federal Reserve.
A strong baht driven by monetary divergence makes Thai exports costlier, a mild headwind for regional demand for imported feed ingredients.
asia.nikkei.comMASAYUKI YUDAJul 1, 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.
