The Thai baht strengthened to its firmest level in two weeks on November 4, 2026, after Democrats won control of both chambers of the US Congress. USD/THB closed at 33.64 and fell further to 33.42 the next morning.
Bank of Thailand's reference rate was 33.707 on November 4.
A weaker dollar and firmer baht reduce the local cost of dollar-priced feed imports for Thai buyers. The move is driven by political risk easing rather than a change in feed supply or demand.
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.
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.