- USDTHB: moving in the range 32.515-32.53 this morning, supportive level at 32.40 resistance level at 32.70
- SET Index: 1,290.7 (+0.49%), 21 Oct 2025
- S&P 500 Index: 6,735.4 (+0.00%), 21 Oct 2025
- Thai 10-year government bond yield (interpolated): 1.759 (+5.82 bps), 21 Oct 2025
- US 10-year treasury yield: 3.98 (-2.0 bps), 21 Oct 2025
- Trump eyes ‘good deal’ with Xi, but says meeting not guaranteed
- EU to propose delay in enforcement of deforestation law
- Takaichi becomes Japan’s first female PM
- Thai cabinet approves measures to boost domestic tourism
- Dollar edges higher as banking concerns ease
Trump eyes ‘good deal’ with Xi, but says meeting not guaranteed
US President Donald Trump expressed optimism that an upcoming meeting with Chinese President Xi Jinping could result in a “good deal” on trade. However, he acknowledged the possibility that the meeting might not take place, citing potential reluctance from either side due to the tense atmosphere, remarking, “maybe it won’t happen” and referencing a scenario where someone might say, “I don’t want to meet, it’s too nasty.” Ahead of the potential summit, Treasury Secretary Scott Bessent is expected to engage with Chinese officials in efforts to ease trade tensions.
EU to propose delay in enforcement of deforestation law
The European Union will propose a six-month grace period for companies to comply with its landmark anti-deforestation law, rejecting calls for a longer delay despite industry pushback. According to sources familiar with the matter, the European Commission plans to offer temporary relief from sanctions after the law takes effect at year-end—rolling back earlier plans to delay implementation by a full year. The EU also intends to ease compliance rules for smallholder farmers. The changes will still require approval from both the European Parliament and member states.
Takaichi becomes Japan’s first female PM
Sanae Takaichi was elected Japan’s first female prime minister on Tuesday, securing 237 votes in the lower house—four above the majority threshold. Independent lawmakers, including Tadashi Morishima, appeared to back her bid. She later won the confirming run-off vote in the upper house.
Thai cabinet approves measures to boost domestic tourism
Thailand’s cabinet has greenlit new incentives to encourage domestic tourism, a finance ministry official announced on Tuesday, as the government seeks to stimulate a slow-growing economy. These measures, featuring tax breaks for local travel and hotel upgrades, are among several initiatives designed to push economic growth beyond 2.2% this year.
Dollar edges higher as banking concerns ease
The 10-year government bond yield (interpolated) on the previous trading day was 1.759, +5.82 bps. The benchmark government bond yield (LB353A) was 1.734, +3.67 bps. Meantime, the latest closed US 10-year bond yields was 3.98, -2.0 bps. USDTHB on the previous trading day closed around 32.59, moving in a range of 32.79 – 32.905 this morning. USDTHB could be closed between 32.70 – 32.95 today. The dollar strengthened amid a flurry of news, supported by easing credit market concerns, notably after Zions Bancorp reported that its quarterly loss was due to isolated bad loans rather than broader credit issues. Although no top-tier economic data was released due to the ongoing government shutdown, some optimism emerged as Senate leaders expressed hope for a resolution soon, with outreach to President Trump for negotiations. The euro weakened against the firmer dollar, dipping below the 1.1600 level. Meanwhile, the Japanese yen underperformed following Takaichi’s confirmation as Japan’s new PM, though briefly found support after she affirmed there was no need to review the BoJ-Government accord and that monetary policy decisions remain the BoJ’s domain.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
