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The baht has risen more than 7 percent since the start of the year, which analysts attribute mainly to US dollar weakness and improved Thai economic conditions. Geopolitical and political risks in the US are also cited as factors that could prompt some market players to act.
A firmer baht makes Thai imports of feed ingredients cheaper in local terms while reducing competitiveness of Thai exports, and dollar weakness supports dollar-denominated commodity prices.
nationthailand.comAug 21, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
