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The Bank of Thailand minutes from its 16 May meeting show a preference for continued accommodative policy. ING expects no change to Thai monetary policy this year and sees USD/THB rising toward 32.50 near-term on global market stress.
Thai feed and livestock costs are tied to the baht, and a weaker currency raises the local cost of imported feed ingredients such as soybean meal and corn.
think.ing.comMay 30, 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.
