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The baht slipped slightly after the Federal Reserve raised its benchmark rate by 25 basis points, with markets expecting two more hikes this year. Foreign capital has been leaving Thailand, with net stock sales of about Bt146 billion so far this year.
Higher US rates and capital outflows put downward pressure on the baht, raising the dollar cost of imported feed ingredients for Thai buyers.
nationthailand.comJun 14, 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.
