# Bangkok Post - Predee bombshell hits baht trading

> The baht fell sharply against the dollar after Finance Minister Predee Daochai resigned less than a month into his tenure, citing illness. Local reports linked the exit to a dispute with the deputy finance minister over filling top posts. The stock exchange also sold off, though only slightly.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51388-bangkok-post-predee-bombshell-hits-baht-trading
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Political uncertainty in Thailand weakened the baht, which raises the cost of dollar-priced imports for Thai feed buyers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1978295/predee-bombshell-hits-baht-trading

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.