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The Thai baht had slipped 0.3% to 32.672 per dollar year-to-date, the best performance among 22 major developing-economy currencies tracked by Bloomberg. A current-account surplus and ample foreign-exchange reserves offset pressure from the Federal Reserve's tightening and US-China trade tensions.
Baht resilience reflects Thailand's external buffers, which limit the currency's pass-through to Thai import costs for feed ingredients. The effect on global feed grain prices is minimal.
bloomberg.comYumi TesoDec 12, 2018Not 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.
