The Thai baht dropped today as the political crisis is unfolding in Thailand, hurting the economy of the country and driving foreign investors away from nation’s assets.
Thai Prime Minister Yingluck Shinawatra has dissolved the parliament in December and was resisting anti-government protests since then. As much as 31 protesters were injured after some device, perhaps home-made bomb, exploded. Analysts speculated that the Thai central bank will be required to lower interest rate to support the economy and such talks are additional reason to avoid the baht.
USD/THB was up from 32.7750 to 32.8450 as of 12:43 GMT today.
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