- USDTHB: moving in the range 32.76-32.81 this morning, supportive level at 32.70 resistance level at 32.90
- SET Index: 1,302.4 (+0.90%), 22 Oct 2025
- S&P 500 Index: 6,738.4 (+0.58%), 23 Oct 2025
- Thai 10-year government bond yield (interpolated): 1.721 (-3.83 bps), 22 Oct 2025
- US 10-year treasury yield: 4.01 (+4.0 bps), 23 Oct 2025
- US sanctions Russian oil producers to pressure Moscow toward Ukraine peace
- Japan inflation accelerates, BOJ hike expectations persist
- UK Inflation holds below forecast as food prices fall
- BOK keeps rate steady in October meeting
- Thailand faces deeper slump as BOT signals Q3 GDP contraction
- Dollar holds steady ahead of US CPI release
US sanctions Russian oil producers to pressure Moscow toward Ukraine peace
The Trump administration imposed sanctions on Russia’s top oil producers, Rosneft and Lukoil, citing Moscow’s lack of commitment to peace in Ukraine—a sharp shift in U.S. policy. The EU also unveiled new sanctions targeting Russia’s energy sector, including a 2027 LNG import ban, full transaction bans on major oil firms and five banks, and restrictions on 117 shadow fleet vessels, 45 entities aiding sanctions evasion, and Russian-linked crypto and reinsurance activities.
Japan inflation accelerates, BOJ hike expectations persist
Japan’s CPI rose 2.9% year-on-year in September, up from 2.7% in August and in line with expectations, as energy and food costs climbed. Core inflation, excluding fresh food, also accelerated to 2.9%, the first pickup in four months, remaining well above the BoJ’s 2% target amid the fading impact of prior utility subsidies.
UK Inflation holds below forecast as food prices fall
UK inflation held steady at 3.8% in September, below expectations of 4%, bolstering hopes for a Bank of England rate cut later this year. The ONS said higher fuel costs were offset by cheaper food, while services inflation—a key BOE focus—remained unchanged at 4.7%.
BOK keeps rate steady in October meeting
The BoK kept its base rate at 2.50%, as expected, though one member dissented in favor of a cut to support growth. The Bank maintained its easing bias, saying future moves will depend on inflation, financial stability, and policy conditions.
Thailand faces deeper slump as BOT signals Q3 GDP contraction
Thailand’s central bank warned the economy is facing a deeper-than-expected slump, likely marking its first quarterly contraction since 2022. The Bank of Thailand cut its Q3 growth forecast to -0.5% from the previous quarter and expects a modest 0.5% rebound in Q4, citing temporary plant closures and tariff impacts.
Dollar holds steady ahead of US CPI release
The 10-year government bond yield (interpolated) on the previous trading day was 1.721, -3.83 bps. The benchmark government bond yield (LB353A) was 1.687, -4.78 bps. Meantime, the latest closed US 10-year bond yields was 4.01, +4.0 bps. USDTHB on the previous trading day closed around 32.80, moving in a range of 32.76 – 32.81 this morning. USDTHB could be closed between 32.70 – 32.90 today. The dollar was little changed amid risk-on sentiment and higher treasury yields, with focus shifting to upcoming US CPI data. The euro traded narrowly around 1.1600 before ending flat, while the British pound weakened as soft CPI data continued to weigh and BoE’s Dhingra warned tariffs could curb growth with limited price impact. The Japanese yen underperformed on rising US yields and improved risk appetite, erasing earlier gains from reports that Japan’s RENGO will seek wage hikes of 5% or more in 2026, as attention turns to Japan’s inflation data.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
