# Thai baht outperforms Asian currency peers on Fed's dovish turn - Nikkei Asia

> 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.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/58355-thai-baht-outperforms-asian-currency-peers-on-fed-s-dovish-turn-nikkei-asia
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A strong baht driven by monetary divergence makes Thai exports costlier, a mild headwind for regional demand for imported feed ingredients.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/thai-baht-outperforms-asian-currency-peers-on-fed-s-dovish-turn

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.