Baht Drops to Lowest Since June 2010 on Speculation About Coup

Thailand’s baht fell to the weakest level since June 2010 in offshore trading on concern political turmoil will worsen after the nation’s army chief refused to rule out a coup following deadly street protests.

Anti-government demonstrators have been calling for the military to back their bid to oust Prime Minister Yingluck Shinawatra’s government and set up an unelected council tasked with erasing her family’s political influence. The army is at “a difficult crossroad,” Army Chief Prayuth Chan-ocha said at a Dec. 27 briefing in Bangkok. Three people were killed and more than 150 injured last week amid protests and rioting in Bangkok.