Posted AT 7:40 AM EDT on 20/09/06
Thai baht hits currency markets
TOKYO — The Thai baht fell against the dollar in Asia on Wednesday, dragging other regional currencies with it following a military coup overnight in Thailand.
Analysts said the Thai currency was likely to remain under pressure until signs of a political resolution in the wake of the overnight military coup are clear.
The dollar bought 37.70 Thai baht, up from 37.28 baht late the previous day but below a high in New York trading of 37.
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