Thai Junta Economic Measures Have Contained Coup Effects

Thailand’s military government has made a start on fixing an economy battered by political turmoil. So far so good, if the reaction in Thai markets this week is anything to go by.

A list of emergency measures drawn up since the military junta took control in Bangkok on May 22 include price caps on fuel, loan guarantees to small firms and some form of insurance scheme for rice farmers.

The measures appear to have received a positive response from investors, with Thai stocks this week hitting their highest level in over seven months and the Thai baht recovering almost 0.7 percent from a four-month low hit Monday.

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