# Thailand: Current account surplus narrows in May | articles | ING THINK

> 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.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/64759-thailand-current-account-surplus-narrows-in-may-articles-ing-think
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/thailand-current-account-surplus-narrows-in-may/

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