# Baht weakens against dollar after Fed official’s comments - ThaiResidents.com - Thai Local News - Thai News

> 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.

- Date: 2017-06-20 · published 2017-06-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70786-baht-weakens-against-dollar-after-fed-official-s-comments-thairesidents-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2018-12-02 | [The baht weakened to 33 baht / dollar, the lowest level around 7 months after the Fed signaled the planned interest. – News – PK Money](https://feedsoft.ai/events/61821-the-baht-weakened-to-33-baht-dollar-the-lowest-level-around-7-months-after-the.md) | +0.2% | -0.6% |
| DXY | 2017-06-20 | [Dollar hits 3-week high on New York Fed president's comments - The HinduBusinessLine](https://feedsoft.ai/events/70706-dollar-hits-3-week-high-on-new-york-fed-president-s-comments-the.md) | +0.0% | -2.1% |
| DXY | 2022-12-16 | [Thai baht depreciates against US dollar \| Thaiger](https://feedsoft.ai/events/38473-thai-baht-depreciates-against-us-dollar-thaiger.md) | -0.3% | -2.7% |

## Sources

- thairesidents.com: https://thairesidents.com/money/baht-weakens-dollar-fed-officials-comments/

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