- USDTHB: moving in the range 31.05 – 31.085 this morning, supportive level at 30.80 resistance level at 31.10
- SET Index: 1,430.41 (-0.77%), 13 Feb 2026
- S&P 500 Index: 6,836.17 (+0.05%), 13 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.870 (+0.09 bps), 13 Feb 2026
- US 10-year treasury yield: 4.04 (-5.0 bps), 13 Feb 2026
- US CPI dips below forecast
- Trump aides seek to scale back metals tariffs
- Japan’s Q4 GDP growth misses forecasts amid weak investment and exports
- China’s used-home price decline eases in tentative positive sign
- Pheu Thai backs Bhumjaithai to lead coalition
- Dollar holds steady amid softer CPI
US CPI dips below forecast
January’s inflation report was softer than expected, with headline CPI rising 0.17% m/m and 2.4% y/y, both below forecasts and December’s readings. Core inflation was broadly in line at 0.30% m/m, though the annual rate eased to 2.5%. Core goods remained subdued, while services and supercore measures picked up.
Trump aides seek to scale back metals tariffs
The Donald Trump administration is looking to narrow broad steel and aluminum tariffs that businesses say are hard to calculate and that the European Union wants eased in trade talks with the United States. The White House has told companies changes are coming, though details remain unclear. The move comes as Trump faces low economic approval ratings amid cost-of-living concerns.
Japan’s Q4 GDP growth misses forecasts amid weak investment and exports
Japan’s economy grew at a markedly slower pace than expected in the fourth quarter of 2025, weighed down by subdued business investment and weakening exports amid US tariffs and diplomatic tensions with China. Real GDP increased by just 0.2% on an annualized basis—far below the consensus forecast of 1.6%. The slight expansion came on the heels of a 2.3% contraction in the third quarter, the steepest decline in two years.
China’s used-home price decline eases in tentative positive sign
China’s new home prices extended their decline in January, while the drop in second-hand values eased, hinting at tentative stabilization in the property slump. Resale prices in 70 cities fell 0.54%—the smallest decline in eight months—while new home prices slipped 0.37%. Support measures have continued, with Beijing loosening rules for non-resident buyers and tax cuts introduced on short-term home sales.
Pheu Thai backs Bhumjaithai to lead coalition
Anutin Charnvirakul secured a coalition deal with rival Pheu Thai Party days after his conservative Bhumjaithai Party won a sweeping election victory. The pact gives his alliance a comfortable lower-house majority—backed by nearly 300 lawmakers—and is aimed at preventing a political vacuum while ensuring smooth passage of its legislative agenda.
Dollar holds steady amid softer CPI
The 10-year government bond yield (interpolated) on the previous trading day was 1.870, +0.09 bps. The benchmark government bond yield (LB365A) was 1.87, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.04, -5.0 bps. USDTHB on the previous trading day closed around 31.10, moving in a range of 31.05 – 31.085 this morning. USDTHB could be closed between 30.80 – 31.10 today. The dollar was broadly flat, as pound strength offset mild yen weakness and the euro stayed muted. Softer US January CPI data pushed Treasury yields lower and trimmed the dollar’s earlier gains, with markets now pricing a roughly 40% chance of a third 25bp Fed cut in 2026. G10 FX performance was mixed but limited in magnitude. The euro saw minimal reaction to in-line Eurozone GDP and employment data, with EUR/USD confined to a tight 1.1847–1.1884 range.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
