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KASIKORN Research projects the baht will trade between 32.50 and 32.80 per dollar in the week of December 4-8 after reaching a 31-month high. The move followed US Senate approval of a sweeping tax overhaul and a stronger-than-expected third-quarter US GDP.
Dollar weakness also followed reports that Michael Flynn may implicate Trump in the Russia investigation.
Currency moves tied to US tax policy and Fed expectations shift the cost of Thai-denominated commodity exports and feed-buying power in the region.
thairesidents.comThaiResidents TeamDec 2, 2017Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
