- USDTHB: moving in the range 32.70-32.75 this morning supportive level at 32.65 resistance level at 32.85
- SET Index: 1,068.7 (-2.4%), 19 June 2025
- S&P 500 Index: 5,980.9 (-0.03%), 18 June 2025
- Thai 10-year government bond yield (interpolated): 1.67 (-1.53 bps), 19 June 2025
- US 10-year treasury yield: 4.38 (-1.0 bps), 18 June 2025
- Trump may decide on Iran strike in two weeks
- Central banks split on handling global risks
- Japan core inflation hits 2-year high, fuels rate hike expectations
- UK consumer confidence rises, extending a ‘fragile’ rebound
- Dollar holds firm but eases from highs amid holiday
Trump may decide on Iran strike in two weeks
President Trump will decide within two weeks whether to strike Iran, as Israel escalates attacks on Iranian nuclear sites. A White House spokeswoman said Trump is weighing the possibility of talks with Iran. His latest comments mark a more cautious tone after earlier threats and an early exit from the G7 summit.
Central banks split on handling global risks
The Bank of England kept interest rates unchanged at 4.25%, with a more divided vote than expected, as officials balanced a weakening labor market and sluggish growth against rising geopolitical tensions. Meanwhile, Switzerland and Norway lowered policy rates amid growing tariff pressures. In Asia, Taiwan maintained its benchmark rate for the fifth consecutive quarter, reflecting concerns over potential U.S. tariffs and their effects on inflation, the economy, and the currency. The Philippine central bank cut its key rate by 25 basis points to 5.25% and indicated more easing may follow due to mild inflation and global growth risks.
Japan core inflation hits 2-year high, fuels rate hike expectations
Japan’s core inflation rose to 3.7% in May, the highest in over two years, adding pressure on the central bank to consider further rate hikes. The surge was mainly driven by food prices, with rice costs soaring 102% year-on-year. Meanwhile, service prices, closely monitored by the Bank of Japan, increased 1.4%, slightly above April’s 1.3%. The core CPI, which excludes fresh food, beat expectations of a 3.6% rise and was up from 3.5% in April — the fastest pace since January 2023’s 4.2%.
UK consumer confidence rises, extending a ‘fragile’ rebound
UK consumer confidence rose for a second consecutive month in June, according to a GfK survey, though ongoing Middle East conflict and rising oil prices threaten the outlook. The sentiment index climbed two points to -18, the highest since December and slightly above economists’ expectations, who had forecast no change.
Dollar holds firm but eases from highs amid holiday
The 10-year government bond yield (interpolated) on the previous trading day was 1.67, -1.53 bps. The benchmark government bond yield (LB353A) was 1.68, -1.95 bps. Meantime, the latest closed US 10-year bond yields was 4.38, -1.0 bps. USDTHB on the previous trading day closed around 32.83, moving in a range of 32.70 – 32.75 this morning. USDTHB could be closed between 32.65 – 32.85 today. The dollar index stayed flat at 98.9 but was set for a 0.8% weekly gain, its best since late February.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
