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Thai exports are in decline, with May shipments down 5.8% and car exports down 17%. The National Shippers Council predicts a contraction in Thai exports for 2019.
The Bank of Thailand has raised concern that the baht is becoming a vehicle for speculation after hitting a six-year high.
Contracting Thai exports and trade war damage reduce regional trade flows, a mild bearish signal for global trade demand. Direct feed commodity price impact is limited.
thaiexaminer.comJoseph O' Connor, Son NguyenJun 23, 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.
