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The Thai baht is on track to be the top-performing emerging-market currency in May, gaining 0.3% against the dollar as of late morning. Foreign investors bought Thai stocks at the biggest pace in over six years on speculation of a larger weighting in the MSCI Emerging Markets index, and turned net buyers of Thai bonds for the first time since November.
A stronger baht has little direct effect on feed grains or protein meals, as Thailand is a feed importer whose currency moves mainly reflect capital flows. Feed buyers in Thailand would see slightly cheaper dollar-priced imports, but the effect is minor.
bangkokpost.comBloombergMay 29, 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.
