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Credit Suisse Thailand advised investors with overseas exposure to swap baht into US dollars, forecasting two more Federal Reserve rate hikes this year. The baht was quoted at 34.52 per dollar, after hitting a 21-month high of 34.19 on April 17.
Currency forecasts for the baht affect Thai buyers' purchasing power for dollar-priced feed imports, but this is a bank view rather than a new supply or demand event.
nationthailand.comMay 8, 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.
