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Bloomberg reports that Thailand's baht has become the strongest performer in Southeast Asia over the past year, supported by near-record foreign exchange reserves, a current-account surplus, and foreign inflows into Thai bonds. The article suggests the currency's strength may be excessive for the economy.
A strong baht erodes the competitiveness of Thai exporters and lowers their baht-denominated returns on dollar sales, which can affect Thai demand for and pricing of imported feed inputs and Asian feed-related trade flows.
bloomberg.comSunil JagtianiJun 29, 2017Not enough comparable past events yet for a historical read.
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.
