The Thai baht fell today after the Thailand’s military seized the power after six months of political turmoil. Investors had mixed view on the news, meaning that the currency’s losses were not as big as they might have been.
There are different views on what the event may mean to the economy and the currency of the country. Some experts think that the power-grab will lead to violence and a civil war. Others argue that this event is a stabilizing factor in the current turmoil, at least in a short term. As a result, some economists suggest that the current dip of the baht may be a good buying opportunity. Of course, it is hard to tell now if there is truth in such suggestions.
USD/THB fell from 32.5250 to 32.5950 as of 11:40 GMT today.
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