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The Bank of Thailand said the Turkish currency turmoil poses only a limited threat to Thailand given few trade and financial linkages. Analysts warned that emerging-market contagion could still cause moderate baht and trade surplus declines, with the baht forecast to weaken to at most 34.50 per dollar in Q3.
Emerging-market currency stress raises dollar strength and risk-off flows that can pressure dollar-priced commodities and regional import costs for feed buyers.
nationthailand.comAug 14, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
