BANGKOK: The Thai baht dropped in morning trade on Monday due to the strengthening of the dollar and falling gold prices.
The baht was down 0.55% at 34.48 per dollar at 0220 GMT.
It has weakened about 1% against the dollar since the start of the year, but it is still Asia’s second strongest currency after the Malaysian ringgit.
Asian currencies: Thai baht down as bullion loses shine
Thailand’s central bank on Friday reiterated October’s interest rate cut was not the start of an easing cycle.
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