# Bank of Thailand monitors US election outcome for impact on currency, oil, and trade

> Bank of Thailand Governor Vitai Ratanakorn said the US election result, which flipped the majority in both chambers, will shape US policy and, in turn, Thailand's currency, oil prices and trade. Oil fell about 9% on expectations that the Iran war will end sooner, while stocks rose. Thailand's economy is expected to grow about 2.4% this year, with exports up 22%, led by AI-related goods.

- Date: 2026-11-05 · published 2026-11-05T18:09:33.754Z
- Category: macro · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/82120-bank-of-thailand-monitors-us-election-outcome-for-impact-on-currency-oil-and
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A lower oil price eases fuel and freight costs for importers, while a policy shift in Washington could move the baht and Asian trade flows. Feed buyers in Asia should watch energy costs and currency moves together.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-10-30 | [Commodity currencies slide on oil, dollar braces for election \| Financial Post](https://feedsoft.ai/events/50816-commodity-currencies-slide-on-oil-dollar-braces-for-election-financial-post.md) | +7.3% | +26.5% |
| WTI | 2020-01-29 | [The Canadian Dollar Is Unprepared for Coronavirus Impact on Bank of Canada Outlook](https://feedsoft.ai/events/55307-the-canadian-dollar-is-unprepared-for-coronavirus-impact-on-bank-of-canada.md) | -7.1% | -8.8% |
| WTI | 2020-10-30 | [USD/CAD Helped By Oil Weakness, But Election Anxiety Keeps a Lid - Currency Live](https://feedsoft.ai/events/50856-usd-cad-helped-by-oil-weakness-but-election-anxiety-keeps-a-lid-currency-live.md) | +7.3% | +26.5% |
| WTI | 2019-05-24 | [Oil Falls As US-China Trade War, Demand Make 'Recipe for Disaster' - Business Insider](https://feedsoft.ai/events/9797-oil-falls-as-us-china-trade-war-demand-make-recipe-for-disaster-business-insider.md) | -2.1% | -1.6% |
| WTI | 2023-03-14 | [Oil falls to three-month low on inflation worries, U.S. bank shutdowns](https://feedsoft.ai/events/37044-oil-falls-to-three-month-low-on-inflation-worries-u-s-bank-shutdowns.md) | -9.5% | +9.1% |
| BRENT | 2020-10-30 | [Commodity currencies slide on oil, dollar braces for election \| Financial Post](https://feedsoft.ai/events/50816-commodity-currencies-slide-on-oil-dollar-braces-for-election-financial-post.md) | +8.3% | +27.9% |
| BRENT | 2020-10-30 | [USD/CAD Helped By Oil Weakness, But Election Anxiety Keeps a Lid - Currency Live](https://feedsoft.ai/events/50856-usd-cad-helped-by-oil-weakness-but-election-anxiety-keeps-a-lid-currency-live.md) | +8.3% | +27.9% |
| BRENT | 2019-05-24 | [Oil Falls As US-China Trade War, Demand Make 'Recipe for Disaster' - Business Insider](https://feedsoft.ai/events/9797-oil-falls-as-us-china-trade-war-demand-make-recipe-for-disaster-business-insider.md) | -3.6% | -3.6% |

## Sources

- ava.fund: https://ava.fund/news/bank-of-thailand-monitors-us-election-outcome-for-impact-on-currency-oil-and-tra-05112026

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