- USDTHB: moving in the range 32.57-32.615 this morning, supportive level at 32.40 resistance level at 32.70
- SET Index: 1,298.6 (-0.79%), 4 Nov 2025
- S&P 500 Index: 6,771.6 (-1.18%), 4 Nov 2025
- Thai 10-year government bond yield (interpolated): 1.77 (+3.45 bps), 4 Nov 2025
- US 10-year treasury yield: 4.10 (-3.0 bps), 4 Nov 2025
- Government shutdown set to become longest ever after latest Senate vote fails
- Trump finalized fentanyl, reciprocal tariff cuts in Xi deal
- UK signals tax rises to tackle fiscal shortfall in November budget
- Cabinet approves Thailand’s bid to host MotoGP for another 5 years
- Dollar up on rate cut doubts and safety play, Pound dips
Government shutdown set to become longest ever after latest Senate vote fails
The US government shutdown is set to become the longest one ever, after a short-term funding bill failed in the Senate once again. Both longest government shutdowns in US history occurred while President Donald Trump was in office. The GOP wants to temporarily resume federal funding at current levels, while Democrats demand that any appropriations package contain additional spending on health care and other priorities. Particularly, Democrats have refused to vote for any “clean” stopgap resolution that does not address those subsidies. Republicans have rejected the prospect of negotiating while the government remains shut down. While Republicans hold a narrow majority in the Senate, they need Democratic votes to overcome the chamber’s 60-vote threshold.
Trump finalized fentanyl, reciprocal tariff cuts in Xi deal
US President Donald Trump signed two executive orders Tuesday that reduce tariffs on fentanyl-related imports from China and extend a freeze on certain reciprocal levies, cementing key provisions of his trade agreement with Chinese leader Xi Jinping. Effective November 10, the tariff on fentanyl-linked imports will drop from 20% to 10%. Meanwhile, the reciprocal tariff rate on Chinese goods will remain at 10% for another year, continuing a truce that lowered the original rate from 34%.
UK signals tax rises to tackle fiscal shortfall in November budget
British finance minister Rachel Reeves set out the difficult economic backdrop she was wrestling with, pointing to high debt levels, low productivity and stubborn inflation, with signaling inevitable tax rises to close a £22 billion fiscal shortfall ahead of the November 26 Budget. She blamed legacy issues like Brexit's trade drags and austerity cuts, while acknowledging her government's welfare adjustments have added billions more to the deficit. This builds on last year's £40 billion tax package, aiming to restore fiscal stability amid sluggish growth.
Cabinet approves Thailand’s bid to host MotoGP for another 5 years
Cabinet has approved the proposal from the Ministry of Tourism and Sports for Thailand to host the MotoGP World Championship for another five years, from 2027 to 2031. The approved budget for organizing the event is approximately 4 billion baht. Since 2018, Thailand has successfully hosted the MotoGP World Championship. It demonstrates Thailand's capability to organize world-class events and solidifies the country’s position as a hub for sports in the ASEAN region.
Dollar up on rate cut doubts and safety play, Pound dips
The 10-year government bond yield (interpolated) on the previous trading day was 1.77, +3.45 bps. The benchmark government bond yield (LB353A) was 1.74, +2.13 bps. Meantime, the latest closed US 10-year bond yields was 4.10, -3.00 bps. USDTHB on the previous trading day closed around 32.53 Moving in a range of 32.57-32.615 this morning. USDTHB could be closed between 32.40-32.70 today. The dollar rose to a four-month high against the euro as divisions in the Federal Reserve raised doubt about the prospect of another rate cut this year, while a risk-off move sent investors seeking the US currency for safety. Overall market sentiment was noticeably darker, with stocks falling and government bonds drawing demand, while safe-haven currencies like the yen and the Swiss franc held firm. Meanwhile, Sterling fell 0.34% after Reeves makes rare pre-budget speech to US$1.3092, from around US$1.311 before Reeves’ speech. The pound posted its poorest monthly performance against the dollar in October since July.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
