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The baht weakened to 33 per dollar, its weakest level in about seven months, as the dollar rallied after the Federal Reserve signaled further rate increases. US Treasury yields rose in the same move.
A weaker baht raises the local-currency cost of imported feed ingredients for Thai producers, while firm US rates strengthen the dollar broadly, which can pressure dollar-denominated commodity prices.
pkmoney.co.thDec 2, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
