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The baht is forecast to trade between 34.10 and 34.45 per US dollar this week, which would be its strongest level in 21 months, according to Bank of Ayudhya. The outlook follows comments from President Trump that the greenback was stronger than he wanted and that the Federal Reserve should hold rates steady.
A stronger baht against the dollar lowers the local-currency cost of imported feed ingredients for Thailand and tends to pressure Thai export competitiveness; for feed buyers it is a currency signal rather than a direct grain driver.
nationthailand.comApr 17, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
