- USDTHB: moving in the range 33.365-33.49 this morning supportive level at 33.20 resistance level at 33.50
- SET Index: 1,216.7 (+0.2%), 14 May 2025
- S&P 500 Index: 5,892.6 (+0.1%), 14 May 2025
- Thai 10-year government bond yield (interpolated): 1.905 (+2.00 bps), 14 May 2025
- US 10-year treasury yield: 4.53 (+4.0 bps), 14 May 2025
- US announces more than $243 Billion in deals with Qatar
- Fed’s Daly: US economy solid, officials can afford patience
- China halts rare earth export curbs on US firms
- China’s new loans fell 61% as US trade tensions rose
- The dollar fluctuated but recovered
US announces more than $243 Billion in deals with Qatar
The White House announced that President Donald Trump had secured deals totaling more than $243.5 billion with Qatar, laying the groundwork for a bigger $1.2 trillion economic pledge with the country. The deals include a $96 billion plan by Qatar Airways to acquire Boeing aircraft, a $1 billion agreement for Raytheon to provide counter-drone capabilities to Qatar, and a nearly $2 billion agreement for Qatar to acquire MQ-9B drones. The partnerships also cover defense, security, and economic investments, including a statement of intent to bolster security partnerships outlining over $28 billion in potential investments, and various other deals worth billions of dollars.
Fed’s Daly: US economy solid, officials can afford patience
Federal Reserve Bank of San Francisco President Mary Daly says the strong U.S. economy allows policymakers to be patient and assess the impact of Trump’s policies on businesses and households. She supports a cautious approach, highlighting steady growth, a strong labor market, and declining inflation.
China halts rare earth export curbs on US firms
On Wednesday, China temporarily lifted restrictions on the export of rare earths and other military-related goods and technologies targeting 28 US entities, as part of a trade easing agreement between the two largest global economies. According to a statement from China’s Ministry of Commerce, the suspension took effect the same day and will remain in place for 90 days. Initially, China imposed export bans on seven types of rare earths for 16 US entities on April 4, later expanding the list by 12 more on April 9. Additionally, the Ministry is pausing a trade and investment ban on 17 US firms.
China’s new loans fell 61% as US trade tensions rose
China issued 285 billion yuan in new loans in April, down 61% from the same month last year and the lowest since July. Total social financing, a broad credit indicator, rose by 1.2 trillion yuan, falling short of the projected 1.4 trillion yuan. Corporate appetite for investment weakened significantly, with mid- and long-term business loans dropping nearly 40% year-on-year to 250 billion yuan.
The dollar fluctuated but recovered
The 10-year government bond yield (interpolated) on the previous trading day was 1.905, +2.00 bps. The benchmark government bond yield (LB353A) was 1.900, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.53, +4.0 bps. USDTHB on the previous trading day closed around 33.30, moving in a range of 33.365 – 33.49 this morning. USDTHB could be closed between 33.20 – 33.50 today. The dollar experienced fluctuating price movements but ultimately recovered its initial losses, with the index rising back above the 101.00 mark. This rebound was supported by a slight increase in US yields and a Bloomberg report stating that the US is not aiming to weaken the dollar through trade agreements. The euro was unable to hold its early gains against the dollar and fell back below the 1.1200 level. Additionally, the final CPI data from Germany and Spain showed no surprises, as they were in line with the preliminary figures. The Japanese yen showed stronger performance, pushing the USD/JPY momentarily below the 146.00 mark before the dollar regained its footing and recovered from the lows.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
