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The Thai baht is tumbling

The Thai baht is tumbling. The currency is down by 0.8% at 35.720 per dollar as of 7:31 a.m. ET. Palace officials recently stated that Thai King Bhumibol Adulyadej's health is "not stable," and that he was being prepped for haemodialysis, which is used to treat kidney failure. Analysts are starting to worry about what this might mean for the country. "The failing health of the king adds another layer of uncertainty to an already highly unpredictable situation," a rgued Capital Economics' Krystal Tan and Gareth Leather in a note on Tuesday.
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