Thai Baht Falls for a 10th Day on Economic Outlook; Bonds Gain

Thailand’s baht declined for a 10th day, the longest losing streak since September 2011, and bonds gained on concern the economy’s outlook is deteriorating.

Consumer prices rose 1.48 percent last month from a year earlier, the slowest pace in a year, the Commerce Ministry reported yesterday. That compares with the median estimate of 1.6 percent in a Bloomberg survey. The finance ministry cut its 2014 economic growth forecast last week to 1.2-1.7 percent from a previous estimate of 2 percent.