A baht time?

Report Date: 11th December, 2019

Thailand’s currency is completely out of line with fundamentals. A large current account surplus has sustained it but that is the result of very weak investment and high precautionary savings. Things are not likely to get better with Thailand set to continue as an economic underperformer in the region. We are going short the baht.

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Author: Independent Strategy

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A baht time?

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