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Wednesday, May 8, 2024

Thai baht and Malaysian ringgit weaken as Covid-19 virus pandemic issues keep on rising

BANGKOK Aug 2 (Reuters): Thailand’s baht was on track for its worst session in two weeks on Monday, while Malaysia’s ringgit was set to see its worst day in more than a week, as the two South-East Asian countries continued to battle a surge in coronavirus cases.

The baht weakened as much as 0.33% in its worst session since July 19, while the ringgit lost 0.17%.

Thailand on Sunday extended tight restrictions in the capital and other high-risk provinces, as it faced Covid-19 outbreaks fuelled by the highly transmissible Alpha and Delta variants.

Meanwhile, the country also saw anti-government protesters take to the streets on Sunday to demand the resignation of Prime Minister Prayut Chan-ocha over his handling of the coronavirus crisis.

In Malaysia, a special parliamentary sitting was cut short after…

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