- USDTHB: moving in the range 31.24 – 31.28 this morning, supportive level at 31.20 resistance level at 31.40
- SET Index: 1,242.2 (-0.95%), 12 Jan 2026
- S&P 500 Index: 6,977.3 (+0.16%), 12 Jan 2026
- Thai 10-year government bond yield (interpolated): 1.837 (+4.91 bps), 12 Jan 2026
- US 10-year treasury yield: 4.19 (+1.0 bps), 12 Jan 2026
- Fed Chair Powell faces criminal investigation
- Trump targets Iran business partners with 25% tariffs
- Fed’s Williams says rates well placed to stabilize jobs and inflation
- Euro Zone investor confidence strengthens early 2026
- Dollar weakens as Powell faces political heat
Fed Chair Powell faces criminal investigation
Fed Chair Jerome Powell said the Trump DOJ has subpoenaed the Federal Reserve and threatened criminal charges, calling the stated reason a pretext. He said the real issue is pressure on the Fed for setting interest rates based on what it believes is best for the economy, not politics.
Trump targets Iran business partners with 25% tariffs
President Donald Trump said the US will impose a 25% tariff on goods from countries that continue to do business with Iran, a move that could disrupt major US trading relationships worldwide, including with economies such as India, Turkey, and China. The decision aims to intensify pressure on the Iranian government, which is facing widespread domestic unrest and protests.
Fed’s Williams says rates well placed to stabilize jobs and inflation
New York Fed President John Williams said interest rates are well positioned to cool inflation and support the labor market, with unemployment expected to stabilize this year and gradually decline. He added that Trump-era tariffs should have a largely one-time impact on prices, with inflation peaking near 3% in the first half of the year before easing to just under 2.5% for the year.
Euro Zone investor confidence strengthens early 2026
Euro zone investor sentiment improved more than expected at the start of the year, with the Sentix index rising to its highest level since July 2025 on stronger expectations, though it remained negative overall. The index climbed to -1.8 in January from -6.2 previously, beating forecasts of -4.9, while the current conditions gauge also improved to -13.0 from -16.5. Sentiment in Germany strengthened sharply as well, with the index rising to -16.4, its best level since August 2025, and expectations turning positive at 5.5 from -1.3 in December.
Dollar weakens as Powell faces political heat
The 10-year government bond yield (interpolated) on the previous trading day was 1.837, +4.91 bps. The benchmark government bond yield (LB353A) was 1.792, +4.47 bps. Meantime, the latest closed US 10-year bond yields was 4.19, +1.0 bps. USDTHB on the previous trading day closed around 31.28, moving in a range of 31.24 – 31.28 this morning. USDTHB could be closed between 31.20 – 31.40 today. The dollar index fell, pressured by concerns over Fed independence after prosecutors opened a criminal probe into Chair Powell over the Fed’s HQ renovation, prompting a sharp response but with no near-term resolution expected. With little US data or Fed commentary, focus turns to CPI and the start of earnings season, while geopolitics and Trump’s criticism of credit-card rates also weighed on the dollar. Most G10 currencies strengthened, with the Swiss franc leading as a haven. The Japanese yen lagged amid Japan election speculation, while ECB’s Villeroy ruled out a rate hike this year and warned the dollar could weaken further if Fed independence is challenged.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
