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The baht surged past 31.25 per dollar, up about 4.4 percent since the start of 2019, as a weaker US dollar pressured the Thai currency. KASIKORN Research expects dollar weakness to continue in the first half of the year, driven by US budget and debt-ceiling politics.
Dollar weakness and a firmer baht raise the local-currency cost of dollar-priced feed imports in Thailand, a mild cost consideration for feed buyers there.
kasikornresearch.comJan 31, 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.
