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Baht Falls to a Three-Year Low, Stocks Drop on Political Unrest

Thailand’s baht fell to a three-year low and stocks dropped on concern prolonged political unrest will damp investment and hurt the economy.

More than 1,000 anti-government protesters have surrounded Prime Minister Yingluck Shinawatra’s home in Bangkok, as she criticized the opposition Democrat Party’s plan to boycott a Feb. 2 election. Suthep Thaugsuban, who is leading the demonstrators, has vowed to thwart the polls, which were announced after Yingluck dissolved the parliament on Dec. 9 amid mass protests. The Thai currency has lost 4.6 percent in the past two months as the main stock index dropped 9.1 percent.