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Thailand's current account surplus narrowed to $958 million in May, below the consensus forecast of $1.5 billion and April's $1.4 billion. Cumulative surplus for the first five months stood at $19.4 billion, supported by tourism, while foreign reserves began falling after peaking above $215 billion.
A narrowing external surplus and weaker baht raise pressure on Asian currencies as trade war risks grow, which can affect Thai demand for feed imports and regional currency-driven import costs.
think.ing.comJun 29, 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.
