- USDTHB: moving in the range 32.49-32.515 this morning, supportive level at 32.40 resistance level at 32.60
- SET Index: 1,285.6 (-0.6%), 6 Oct 2025
- S&P 500 Index: 6,740.3 (+0.36%), 6 Oct 2025
- Thai 10-year government bond yield (interpolated): 1.400 (+0.08 bps), 6 Oct 2025
- US 10-year treasury yield: 4.18 (+5.0 bps), 3 Oct 2025
- Trump imposing new 25% large truck tariff starting Nov. 1
- French PM Lecornu resigns after cabinet backlash
- Thailand’s inflation remains in negative territory for sixth straight month
- Vietnam posts strongest growth since 2022
- Dollar bid amid heavy yen selling
Trump imposing new 25% large truck tariff starting Nov. 1
President Donald Trump announced Monday that all medium- and heavy-duty truck imports will face a 25% tariff beginning November 1, intensifying efforts to shield U.S. manufacturers from foreign competition. The move, originally planned for October 1 on national security grounds, is aimed at countering what Trump called “unfair outside competition.”
French PM Lecornu resigns after cabinet backlash
Sébastien Lecornu has stepped down as France’s prime minister, blaming the stubbornness of parties in the divided parliament. His resignation came less than a day after President Emmanuel Macron unveiled a new cabinet filled with centrist allies, despite warnings from opposition groups. The move deepens France’s political crisis, with Macron now facing tough choices: appoint a new prime minister, call new elections, or consider stepping down himself. A looming budget deadline may force the government to use emergency powers to keep things running.
Thailand’s inflation remains in negative territory for sixth straight month
Thailand’s headline inflation fell 0.72% year-on-year in September, marking the sixth consecutive monthly decline and coming in below expectations of a 0.60% drop. On a monthly basis, CPI slipped 0.03%, missing forecasts for a 0.10% rise. Core inflation rose 0.65% y/y, also below the projected 0.76%. For the first nine months of 2025, headline inflation averaged a slight decline of 0.01%, while core inflation stood at 0.90%. In response, the Commerce Ministry revised its 2025 inflation forecast to 0%, down from its previous 0–1% range.
Vietnam posts strongest growth since 2022
Vietnam’s economy grew 8.23% in Q3, its fastest pace in three years, beating the 7.15% forecast. Revised Q2 growth came in at 8.19%. Strong manufacturing—up 9.92% in the first nine months—helped offset the impact of rising tariffs. Despite the momentum, officials say meeting the 2025 growth target of 8.3%–8.5% remains “extremely challenging” given global headwinds.
Dollar bid amid heavy yen selling
The 10-year government bond yield (interpolated) on the previous trading day was 1.400, +0.08 bps. The benchmark government bond yield (LB353A) was 1.402, +0.14 bps. Meantime, the latest closed US 10-year bond yields was 4.18, +5.0 bps. USDTHB on the previous trading day closed around 32.38, moving in a range of 32.49 – 32.515 this morning. USDTHB could be closed between 32.40 – 32.60 today. The dollar strengthened primarily due to heavy Japanese yen selling following Sanae Takaichi’s victory in Japan’s LDP election, which raised expectations for looser fiscal policy and a delayed BoJ rate hike, pushing USD/JPY to the 150 level and prompting concerns from government advisers. Meanwhile, US news remained quiet amid the ongoing government shutdown and absence of key data or Fed commentary, leaving international developments to steer market direction. The euro came under pressure due to political instability in France after the Prime Minister resigned amid backlash over new cabinet appointments, with President Macron urging final talks to restore stability. The British pound saw limited movement against the USD, lacking significant domestic catalysts.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
