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The Bank of Thailand said the baht's rise reflects US dollar depreciation linked to US domestic politics, and that Sino-US trade disputes are weighing on global trade sentiment. The baht traded near 31.76 per dollar, with year-to-date gains of 2.62 percent.
A stronger baht and weaker dollar lower the local cost of imported feed inputs but also hurt Thai export competitiveness, with limited direct impact on global commodity prices.
bangkokpost.comPathom SangwongwanichJan 24, 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.
