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ING raised its year-end USD/THB forecast to 33.5 from 35.0 because the baht has been one of Asia's outperformers since July. July's trade balance swung to a $516 million deficit from a $1.6 billion surplus, and ING expects the full-year surplus to narrow by $8-9 billion.
A narrowing Thai trade surplus and a firmer baht reflect weaker export demand and currency pressure that affects Thai import purchasing power, with minimal direct grain price impact.
think.ing.comAug 23, 2018Not 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.
