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ING expects the Thai baht to stay under pressure after the USD/THB end-2018 forecast was raised to 33.8 from 32.3. The Bank of Thailand was seen unlikely to ease policy to support the currency ahead of its June 20 meeting.
A weaker baht with no policy support lifts the cost of imported feed ingredients priced in dollars for Thai buyers, while the trade balance deterioration signals softer export demand.
think.ing.comJun 18, 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.
