# Thai baht weakens as Asian markets tumble - ThaiResidents.com - Thai Local News - Thai News

> 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.

- Date: 2018-10-25 · published 2018-10-25T12:00:00.000Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/62797-thai-baht-weakens-as-asian-markets-tumble-thairesidents-com-thai-local-news
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: neutral
- USDTHB: bullish ▲

## Sources

- thairesidents.com: https://thairesidents.com/money/thai-baht-weakens-asian-markets-tumble/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.