Asia’s Worst-Performing Currency Takes a Hit From Tourism’s Wipeout
- Commerzbank AG sees baht dropping to 32 against the dollar
- Japanese outflows, current-account deficit work against baht
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A perfect storm is engulfing Thailand’s baht and the one group of people who can save it are stuck in lockdown, thousands of kilometers from the arrivals lounges of Bangkok, Phuket and Chiang Mai.