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The Thai baht strengthened to 33.30 per dollar in the week of July 24-27, its strongest level since May 2015. Kasikornbank expects the baht to trade between 33.20 and 33.60 next week, citing Fed signals and US data.
A stronger baht makes Thai exports less competitive and raises import costs for Thai feed buyers, while a weaker dollar broadly supports regional currencies. Commodity price impact is indirect.
thairesidents.comThaiResidents TeamJul 28, 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.
