Thai Baht Weak Ahead of Elections

The Thai baht fell today on the concerns about the coming elections and on the negative influence of the economic situation in the European Union.

Market participants are afraid that the election on July 3 will increase the political instability in the country. The baht declined 1.2 percent this month. That’s the worst performance against 10 major Asian currencies.

USD/THB rose to 30.67 from 30.64 today as of 13:49 GMT.

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