Thailand Protests Hit THB Highlights Divided Country

Protesters surged into the streets of Bangkok Monday, closing major intersections and snarling traffic in an effort to force Thailand’s democratically-elected prime minister from office.

Markets were calm Monday, but Thailand’s benchmark stock index has plunged 14% over the past three months.
The Thai baht has plummeted to multi-year lows, dropping almost 5% against the U.S. dollar over the same period. Exports have contracted, and the tourism industry — which contributes about 7% or roughly $25 billion of the country’s GDP — has taken a hit.

via CNN

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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