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Currencies

Thai baht hits 5-year low as China curbs foreign travel

Beijing's COVID clampdown dims recovery outlook for Thailand's tourism industry

Thailand lost nearly all of its tourist traffic from before the pandemic.   © Reuters

TOKYO -- The Thai baht tumbled Friday to a five-year low against the dollar as the country's vital tourism industry faces poor prospects of drawing visitors from China, which is discouraging overseas travel.

Thailand's currency entered 34.70 baht-per-dollar territory, the weakest since May 2017.

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