The Thailand baht rose on Wednesday against the world's reserve dollar after the country's court affirmed contested election results, according to Bloomberg.
The baht also benefited from China releasing economic data noting January imports rose by 10 percent. China is Thailand's biggest destination for shipments. The high court in Thailand rejected attempts by the opposition Democrat Party to annul election returns.
The Constitutional Court handed up its decision on Wednesday, which confirms the February 2 election's validity, The Wall Street Journal reports. The high bench said the vote met standards outlined by the nation's Constitution. That served as a victory for the nation's government.
The Thailand baht pushed ahead about 0.6 percent against the greenback, marking its top gain since the middle of January. Despite Wednesday's advance, the baht has pushed ahead roughly 4.4 percent against the U.S. dollar thus far in 2014.
Thailand has seen several-months-worth of anti-government protests against the administration of Prime Minister Yingluck Shinawatra, according to The Wall Street Journal. The protests primarily have ensued in the capital of the Asian nation.
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