- USDTHB: moving in the range 31.78-31.815 this morning, supportive level at 31.65 resistance level at 31.95
- SET Index: 1,276.1 (+0.8%), 9 Sep 2025
- S&P 500 Index: 6,512.6 (+0.27%), 9 Sep 2025
- Thai 10-year government bond yield (interpolated): 1.243 (-0.80 bps), 9 Sep 2025
- US 10-year treasury yield: 4.08 (+3.0 bps), 9 Sep 2025
- BLS benchmark cuts payrolls by 911,000, underscoring labor market weakness
- Trump links tariffs on China, India to forcing Putin to negotiate
- Israel strikes Hamas leaders in Doha
- Thailand court orders Thaksin to serve jail term
- Dollar rebounds after two-day post-NFP slide
BLS benchmark cuts payrolls by 911,000, underscoring labor market weakness
The preliminary BLS benchmark revision for March 2025 showed a sharper-than-expected downward adjustment of -911k to total payrolls, exceeding the Bloomberg median estimate of -682k and falling outside the forecast range of -200k to -900k. Covering data from April 2024 to March 2025, the revision implies net job creation of just 847k over the period—an average of around 70k per month. Although the final revision will be released in February 2026 alongside the January jobs report, the preliminary figure underscores that the labour market was significantly weaker than previously thought. This adds to already mounting concerns about labour market softness and strengthens the case for Fed rate cuts.
Trump links tariffs on China, India to forcing Putin to negotiate
President Trump told European officials he’s open to imposing new tariffs on China and India to pressure Vladimir Putin into talks with Ukraine — but only if the EU does the same. Washington is also considering additional sanctions on Russia’s shadow oil fleet, banks, and major energy firms.
Israel strikes Hamas leaders in Doha
Israel launched a strike targeting senior Hamas leaders in Doha, Qatar, further inflaming regional tensions amid the ongoing war in Gaza. Qatar condemned the operation as a “flagrant violation” of international law, while Prime Minister Benjamin Netanyahu described it as a “wholly independent Israeli operation.” The White House criticized the move, warning it undermines both US and Israeli objectives for peace in the region.
Thailand court orders Thaksin to serve jail term
Thailand’s top court has ruled that former Prime Minister Thaksin Shinawatra must serve a one-year prison sentence, dealing another blow to his political dynasty. The decision stems from a past corruption case in which Thaksin spent less than a day in jail before being moved to a hospital — a transfer the Supreme Court has now deemed unlawful.
Dollar rebounds after two-day post-NFP slide
The 10-year government bond yield (interpolated) on the previous trading day was 1.243, -0.80 bps. The benchmark government bond yield (LB353A) was 1.219, -0.92 bps. Meantime, the latest closed US 10-year bond yields was 4.08, +3.0 bps. USDTHB on the previous trading day closed around 31.66, moving in a range of 31.78 – 31.815 this morning. USDTHB could be closed between 31.65 – 31.95 today. The dollar snapped a two-day post-NFP slide, supported by a rebound in treasury yields. The greenback was initially pressured after the BLS’s preliminary benchmark revision showed a deeper-than-expected downgrade to payrolls, prompting a brief rally in T-notes. However, markets largely shrugged off the backward-looking data, and the dollar regained ground ahead of this week’s US PPI and CPI releases. The euro drifted lower toward 1.1700, while the British pound pared early gains after stalling just below 1.3600. The Japanese yen outperformed on hawkish BoJ source reports, which flagged potential for a rate hike this year despite political uncertainty following PM Ishiba’s resignation.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
