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Standard Chartered expects the Bank of Thailand to raise its policy rate by 25 basis points from 1.50% to 1.75% in November, with no further hike in December. The forecast reflects concern about the pace of baht appreciation and the Federal Reserve's tightening path.
The baht weakened to 33.30 per dollar, its lowest in eight weeks.
Higher Thai rates and a firmer dollar tend to pressure emerging-market currencies, raising the cost of dollar-denominated feed imports. The effect on grain and meal prices is modest.
nationthailand.comOct 30, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
