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Thai markets drew nearly US$4 billion of foreign inflows in June as the central bank held rates, supporting bonds and the baht. The Bank of Thailand lowered its 2019 growth forecast to 3.3% and warned of weak exports amid the US-China trade war.
Analysts see the rally as fragile given weak fundamentals and political risk.
Weak Thai growth and export contraction reduce regional demand for goods and raise pressure for rate cuts, a backdrop with limited direct impact on feed commodity prices.
bangkokpost.comBloombergJun 28, 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.
