The Thai baht climbed today as political tensions in Thailand were easing, making the country attractive for overseas investors yet again. The general risk-positive sentiment on the Forex market also played in favor of the currency.
Deputy Prime Minister Yukol Limlamthong announced that the emergency decree, which was imposed on January 22, will be lifted before the planned expiration date of March 23. At the same time, the government will continue to use the Internal Security Act to control anti-government protests. The news helped the baht, which also profited from speculations that the conflict between Ukraine and Russia will not affect the global economy to a great degree.
USD/THB declined from 32.2450 to 32.1600 as of 10:16 GMT today and its daily low was at 32.0800.
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