Thai Baht at eight-year low, Baht sinks below 35

The baht fell beyond 35 to the US dollar on Friday, an eight-year low, as slowing economic growth and the growing probability of a US interest-rate increase spurred outflows of funds.

The decline came as overseas investors sold a net US$180 million worth of Thai stocks and bonds in a week when the SET Index lost 2.7% from the previous Friday.

Read more: Bangkok Post