# US rate rise expected, Thai outflows surge, baht weakens

> Hot money from short-term Thai government bonds is expected to flow out ahead of the Fed's March 15 rate decision, weakening the baht after it had appreciated 2-3% this year. An economist at Maybank Kim Eng said further outflows would follow if the Fed keeps raising rates.

- Date: 2017-03-08 · published 2017-03-08T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/72261-us-rate-rise-expected-thai-outflows-surge-baht-weakens
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Capital outflows from Thailand and a weaker baht would raise local costs of dollar-priced feed imports. The effect on global commodity prices is limited.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-29 | [Baht expected to weaken today](https://feedsoft.ai/events/50880-baht-expected-to-weaken-today.md) | -0.5% | -2.2% |
| DXY | 2024-12-19 | [Thai Baht opens at 34.58 per US dollar, expected to weaken further - Pattaya Mail](https://feedsoft.ai/events/27248-thai-baht-opens-at-34-58-per-us-dollar-expected-to-weaken-further-pattaya-mail.md) | +0.5% | +1.4% |
| DXY | 2024-02-03 | [VND/USD exchange rate expected to rise following Fed decision](https://feedsoft.ai/events/32002-vnd-usd-exchange-rate-expected-to-rise-following-fed-decision.md) | +0.1% | -0.0% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2016-12-14 | [A US rate rise - how am I affected in the UK? - BBC News](https://feedsoft.ai/events/73734-a-us-rate-rise-how-am-i-affected-in-the-uk-bbc-news.md) | +1.6% | +0.9% |

## Sources

- posttoday.com: https://www.posttoday.com/lifestyle/484182

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