# BOT:Stronger Thai baht is in line with regional currencies

> 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.

- Date: 2017-07-21 · published 2017-07-21T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/70246-bot-stronger-thai-baht-is-in-line-with-regional-currencies
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDTHB: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-04-29 | [Asian Currencies: Thai Baht, Singapore Dollar, Turkish Lira, Indonesian Rupiah In Review](https://feedsoft.ai/events/59826-asian-currencies-thai-baht-singapore-dollar-turkish-lira-indonesian-rupiah-in.md) | -0.2% | +0.5% |
| DXY | 2023-03-13 | [Thai baht climbs as Asian currencies gain on weak US dollar](https://feedsoft.ai/events/37133-thai-baht-climbs-as-asian-currencies-gain-on-weak-us-dollar.md) | +0.3% | -1.6% |
| DXY | 2022-05-05 | [Asian currencies rise on less hawkish Fed, Thai baht and Indian rupee top gainers \| Reuters](https://feedsoft.ai/events/10990-asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top.md) | +0.7% | -1.2% |
| DXY | 2023-07-27 | [Ringgit opens stronger versus US dollar, major currencies](https://feedsoft.ai/events/35323-ringgit-opens-stronger-versus-us-dollar-major-currencies.md) | +1.2% | +1.9% |
| DXY | 2020-08-24 | [Why the loonie's bond with oil remains strong \| Wealth Professional](https://feedsoft.ai/events/51860-why-the-loonie-s-bond-with-oil-remains-strong-wealth-professional.md) | -1.0% | -0.6% |

## Sources

- oananews.org: https://oananews.org/content/news/bussiness/botstronger-thai-baht-line-regional-currencies

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.