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Thailand's baht has risen another 4.2 percent against the dollar this year, the biggest gain in emerging Asia, following its position as last year's best performer. Bloomberg says several local and foreign factors are driving the advance.
A stronger baht makes Thai imports of feed ingredients cheaper in dollar terms while squeezing Thai exporters, a currency move with limited direct effect on world feed grain prices.
bloomberg.comYumi Teso, Lilian KarununganJan 31, 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.
