- USDTHB: moving in the range 31.36 – 31.42 this morning, supportive level at 31.15 resistance level at 31.45
- SET Index: 1,354.01 (+0.58%), 6 Feb 2026
- S&P 500 Index: 6,932.3 (+1.97%), 6 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.867 (-1.34 bps), 6 Feb 2026
- US 10-year treasury yield: 4.22 (+1.0 bps), 6 Feb 2026
- Michigan consumer sentiment index rises, surpassing expectations
- Fed commentary keeps data-driven stance
- Japan’s Takaichi set for landslide vote win
- Thailand royalists poised for surprise win
- Dollar weakens on Friday amid broader risk-on sentiment
Michigan consumer sentiment index rises, surpassing expectations
February’s preliminary University of Michigan survey showed sentiment unexpectedly rising to 57.3 from 56.4 (exp. 55), while current conditions also beat forecasts, increasing to 58.3 from 55.4. Expectations slipped more than expected to 56.6 from 57.0. Inflation expectations were mixed, with the one-year falling sharply to 3.5% from 4.0% and the five-year edging up to 3.4%.
Fed commentary keeps data-driven stance
Fed Vice Chair Jefferson said policy is well positioned and roughly neutral, with future moves driven by data and the outlook, while stressing he does not want further labour market weakening. Meanwhile, Fed’s Daly said she remains open-minded on rates and leans toward cuts in 2026, noting a cut could have been justified with greater confidence on inflation or clearer signs of labour market softening.
Japan’s Takaichi set for landslide vote win
Japanese Prime Minister Sanae Takaichi is set for a historic landslide, with the ruling Liberal Democratic Party on course to secure a two-thirds supermajority—the largest post-war general election victory for a single party. In her first remarks after polls closed, Takaichi struck a cautious tone on fiscal policy while pledging to speed up discussions on cutting the sales tax.
Thailand royalists poised for surprise win
Bhumjaithai Party scored a surprise victory, according to some strategists and economists, with Prime Minister Anutin’s party leading preliminary results with 194 of the 550 seats in the House of Representatives. The People’s Party is running second with around 116 seats, followed by Pheu Thai on roughly 76, marking the first win this century for a party aligned with the country’s royalist establishment and a clear setback for the emerging progressive movement.
Dollar weakens on Friday amid broader risk-on sentiment
The 10-year government bond yield (interpolated) on the previous trading day was 1.867, -1.34 bps. The benchmark government bond yield (LB365A) was 1.86, -1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.22, +1.0 bps. USDTHB on the previous trading day closed around 31.72, moving in a range of 31.36 – 31.42 this morning. USDTHB could be closed between 31.15 – 31.45 today. The dollar softened on Friday amid a broader risk-on mood, with US equities—led by tech—attempting to recover from the week’s sharp losses. There were few dollar-specific drivers, as Fed speakers Jefferson, Bostic, and Daly offered little new guidance, while markets await the delayed US payrolls report due next Wednesday. February’s preliminary University of Michigan survey beat expectations on sentiment and current conditions, though expectations dipped slightly; one-year inflation expectations fell sharply to 3.5% from 4.0%, while longer-term (5–10 year) expectations edged up to 3.4%. G10 currencies were broadly firmer on the back of the weaker dollar, though the Japanese yen lagged amid the risk-on backdrop, weak Japanese household spending data, and ahead of Sunday’s Japanese election.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
