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Thai analysts expected the US Federal Reserve to raise its benchmark rate at the close of its March 14 meeting, with a second hike later in the year. They said a stronger dollar would lift Thai exports and weaken the baht.
A stronger dollar and weaker baht make Thai exports more competitive, but the effect on feed commodity prices is indirect. Dollar strength generally pressures dollar-priced grains and meal.
nationthailand.comMar 14, 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.
