Thai Baht Defies Gravity, Risen by 8% Against the US Dollar this Year

Thai Baht Defies Gravity, Risen by 8% Against the US Dollar this Year

– BANGKOK – Tourism is booming, the current account is in surplus, and the comparatively high yield on local assets is enticing. No wonder the Thai baht has risen by 8% against the US dollar this year. But the currency could soon “fall foul of economic gravity”, says William Pesek on Breakingviews. “Populist pump-priming” and […]