# Thailand shielded from Turkey rout

> 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.

- Date: 2018-08-14 · published 2018-08-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63794-thailand-shielded-from-turkey-rout
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Emerging-market currency stress raises dollar strength and risk-off flows that can pressure dollar-priced commodities and regional import costs for feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-29 | [Market rout sends African assets from the rand to bonds reeling - Moneyweb](https://feedsoft.ai/events/64817-market-rout-sends-african-assets-from-the-rand-to-bonds-reeling-moneyweb.md) | -1.1% | -0.9% |
| DXY | 2022-09-28 | [Fresh from the Trading Room - CME Group](https://feedsoft.ai/events/39715-fresh-from-the-trading-room-cme-group.md) | -1.8% | -1.5% |
| DXY | 2018-05-28 | [Why are Turkey's and Argentina's currencies in free fall?](https://feedsoft.ai/events/65310-why-are-turkey-s-and-argentina-s-currencies-in-free-fall.md) | +0.2% | +1.5% |
| DXY | 2021-10-13 | [From Turkey to South Korea, strong dollar squeezes the energy-poor - Nikkei Asia](https://feedsoft.ai/events/44800-from-turkey-to-south-korea-strong-dollar-squeezes-the-energy-poor-nikkei-asia.md) | -1.0% | -0.9% |
| DXY | 2019-07-31 | [The two words from Jerome Powell that rocked the financial markets](https://feedsoft.ai/events/58014-the-two-words-from-jerome-powell-that-rocked-the-financial-markets.md) | +0.9% | +1.8% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30352149

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