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The Thai baht hit a six-year high of about 31.05 per US dollar after the US Federal Reserve signaled possible rate cuts. The Fed held rates at 2.25-2.5% amid trade tensions, and the dollar weakened against most major assets.
Analysts expect the baht to trade in a 31.15-31.25 range.
Dollar weakness after the Fed signal lifts Asian currencies broadly, which can lower the local-currency cost of dollar-priced commodity imports and reduce export competitiveness for Thai goods.
thethaiger.comThaigerJun 21, 2019Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
