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The Bank of Thailand said the baht's strength reflects a weaker US dollar and is in line with regional currency trends. Governor Veerathai Santiprabhob linked the dollar's weakness to declining confidence in US politics under the Trump administration.
A weaker dollar lifts Asian currencies and can reduce the local-currency cost of dollar-priced grain and meal imports. The effect on feed prices is modest.
oananews.orgJul 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.
