Thai King Endorses Coup Leader

Thai coup leader General Prayuth Chan-ocha said on Monday he had been formally endorsed by the king as head of a military council that will run the country, and warned he would use force if political protests flared up again.

Prayuth seized power on May 22, saying the army would restore order after nearly seven months of sometimes deadly street demonstrations. The military has since taken into custody of scores of politicians, activists, academics and others.

“Will we go back to where we were before? If you want to do that, I will need to use force and impose the law strictly,” Prayuth said in a statement he read on television. “You will have to forgive any tough measures as they are necessary.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza