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The Thai baht opened weaker at 32.92 per dollar on October 25 after Asian stocks fell following a sharp Wall Street selloff. The Dow erased its 2018 gains, the S&P 500 fell 3.1%, and the Nasdaq entered correction territory.
Safe-haven demand lifted the yen and gold while the US 10-year yield dropped.
Risk-off flows strengthen the dollar against emerging-market currencies, which raises the local-currency cost of imported feed ingredients. Broader equity stress also weighs on commodity demand sentiment.
thairesidents.comThaiResidents TeamOct 25, 2018Not enough comparable past events yet for a historical read.
Not 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.
