# Bangkok Post - Foreign inflows drive baht to top emerging currency

> 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.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/59342-bangkok-post-foreign-inflows-drive-baht-to-top-emerging-currency
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1685784/foreign-inflows-drive-baht-to-top-emerging-currency

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