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Thai Baht Under Attack

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Posted: 22 Jan 2014 | 10:46 am

As Thailand's political crisis continues unabated the baht remains one of the key victims of the uncertainty.

This morning the exchange rate to the US dollar hovered at the THB32.89 level and could well breach THB33.00 in the coming days.

With foreign investors exiting the country, outward capital flows are the key driver of the trend.

While the BoT (Bangkok of Thailand) is taking remedial actions, the financial markets are forecasting further devaluation.

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