- USDTHB: moving in the range 32.94 – 32.97 this morning, supportive level at 32.88 resistance level at 33.08
- SET Index: 1,574.13 (+0.10%), 22 June 2026
- S&P 500 Index: 7,472.79 (-0.37%), 22 June 2026
- Thai 10-year government bond yield (interpolated): 2.123 (+1.93 bps), 22 June 2026
- US 10-year treasury yield: 4.51 (+5.00 bps), 22 June 2026
- Iran-US talks advance, easing energy market concerns
- Japan PMI strengthens as manufacturing drives growth, but cost pressures rise
- Starmer quits and sets out plan for new UK PM by September
- China keeps loan prime rate unchanged for 13th straight month in June
- Dollar gains across G10 as quiet US calendar shifts focus to PCE
Iran-US talks advance, easing energy market concerns
Iran, Qatar, and Pakistan reported constructive updates on talks with the US, while VP Vance said significant progress had been made and confirmed the Strait remained open. Meanwhile, the US Treasury’s OFAC authorised transactions involving Iranian-origin crude and petroleum products, signaling progress on the agreed framework, while Vance also claimed Iran agreed to allow IAEA inspectors to return, though Iranian media disputed the statement.
Japan PMI strengthens as manufacturing drives growth, but cost pressures rise
Japan’s S&P Global flash composite PMI rose to 52.5 from 51.1, marking the fastest pace since March and extending the current expansion streak to 15 months. Manufacturing PMI climbed to 54.9, beating expectations, as output growth accelerated to one of the strongest levels in over a decade, supported by the fastest increase in new orders since January 2022. Services PMI also improved to 51.8 from 50.0, signaling a return to growth after stagnating in May. Nonetheless, cost pressures intensified, with input prices rising at the fastest pace since mid-2022 due to higher energy, fuel, and raw material costs, keeping inflation concerns elevated.
Starmer quits and sets out plan for new UK PM by September
UK Prime Minister Starmer announced his resignation and will remain in office as caretaker leader until a successor is elected. Nominations for the Labour leadership are set to open on July 9 and close before the summer recess on July 16. Meanwhile, Burnham confirmed he will stand for the leadership, with Streeting publicly endorsing his bid.
China keeps loan prime rate unchanged for 13th straight month in June
China's central bank left its key lending rates unchanged for a 13th consecutive month, keeping the one-year and five-year LPRs at 3.0% and 3.5%, respectively, as policymakers balance support for the economy with financial stability concerns. While the PBOC maintains a moderately accommodative stance, markets increasingly expect targeted stimulus rather than broad rate cuts. Separately, China added 10 US firms, including USA Rare Earths, to its export control list, while announcing procurement-related measures against 46 US companies.
Dollar gains across G10 as quiet US calendar shifts focus to PCE
The 10-year government bond yield (interpolated) on the previous trading day was 2.123, +1.93 bps. The benchmark government bond yield (LB365A) was 2.11, +3.00 bps. Meantime, the latest closed US 10-year bond yields was 4.51, +5.0 bps. USDTHB on the previous trading day closed around 32.93, moving in a range of 32.94 – 32.97 this morning. USDTHB could be closed between 32.88 – 33.08 today. The dollar broadly strengthened against G10 peers, with GBP as the only notable outperformer, amid light US newsflow ahead of PCE and no Fed commentary. Sentiment improved after Iran, Qatar, and Pakistan provided more constructive updates on US talks, while VP Vance said progress had been made and the Strait of Hormuz remained open. The euro weakened as the USD firmed, with ECB President Lagarde striking a dovish tone by noting no signs of unanchored inflation expectations or second-round effects. The Japanese yen extended losses, with USD/JPY nearing 162 before reversing lower on reports of US-Japan FX discussions.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
