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.
Thailand's long-time monarch, King Bhumibol Adulyadej, died Thursday at age 88 after enduring a long battle with failing health, the Associated Press reported. Continue reading ? The post Thailand’s King Bhumibol Adulyadej dies at a...
BANGKOK (Reuters) - Thais on Tuesday wore pink for 88-year-old King Bhumibol Adulyadej, a color they believe will help improve the monarch's health, two days after the palace said he was in an unstable condition.
Thailand's King Bhumibol Adulyadej is in good overall health, the palace said on Monday, with doctors administering medicine to tackle stomach inflammation detected during a routine checkup. The 86-year-old king was admitted on Wedn...
Thailand's King Bhumibol Adulyadej has reigned for seven decades. He has been in deteriorating health for years, and a statement put out by the palace late Sunday suggests he's doing poorly.