Baht sheds 1.1% on fresh vote delay


Outlook for new share offerings dim as foreign investors stay away amid political uncertainty

(Photo: Reuters)

The baht fell more than 1% on Thursday following news that a parliamentary vote to select the country’s next prime minister would be postponed, while other emerging Asian currencies also lost ground as the dollar hit a four-week high.

The baht was down 1.1% after news broke that the next vote for PM could be at least another two weeks away, pending a ruling by the Constitutional Court about the legality of an earlier parliamentary decision.

The currency slipped…

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