Economics
Thai Baht Is Brought Back to Earth After a Winning Year in Asia
- Central bank has moved firmly to rein in the currency
- Coronavirus adds to growing list of challenges facing economy
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The Thai baht has gone from being Asia’s top-performing currency in 2019 to dead last in January.
Finishing in the middle of the pack may be the best that can be expected this year as the central bank and a host of other forces line up against it.