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The baht weakened slightly against the dollar on June 20 after New York Fed President William Dudley said labor market tightening should lift inflation, reinforcing expectations for further Fed rate hikes. Chicago Fed President Charles Evans suggested waiting until year-end to decide on another hike.
A firmer dollar on Fed rate-hike expectations tends to pressure dollar-priced commodities and make US feed exports less affordable for Asian buyers, though the baht move itself is small.
thairesidents.comThaiResidents TeamJun 20, 2017After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
