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Research houses in Thailand have offered differing views on the impact of the latest US Federal Reserve rate increase. Krungsri expects a limited upside for the dollar as US rates approach neutral, while SCB's EIC expects the Bank of Thailand to focus on domestic conditions and forecasts a gradual policy hike no earlier than December.
A stronger dollar and higher US rates pressure emerging-market currencies and can drive capital outflows, which affects the cost of imported feed ingredients priced in dollars for Asian buyers. Divergent outlooks mean the baht and regional policy path remain uncertain.
nationthailand.comSep 27, 2018After 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.
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.
