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There is a serious virus outbreak and the Thai government announces that all tourist arrivals have to spend 3 weeks in quarantine upon arrival in
There is a serious virus outbreak and the Thai government announces that all tourist arrivals have to spend 3 weeks in quarantine upon arrival in the country. What effect would you expect this to have on the FX markets?
My Answer: (is this correct?)
The THB will be weaker when Thai government announces that all tourist arrivals have to spend 3 weeks in quarantine, because this policy will affect Thai economy. There will have less people buy Thai baht.
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