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Commercial bankers in Thailand forecast only a slight baht depreciation despite market expectations of up to four US Fed rate rises this year. They expect the Thai policy rate to hold at 1.5% for the rest of 2018.
The baht is projected to trade in a 30.80-31.20 per dollar range.
A stable or slightly weaker baht keeps Thai import costs for feed ingredients roughly steady. Feed buyers in Thailand see little currency-driven pressure on dollar-priced grain and meal.
nationthailand.comFeb 28, 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.
