- USDTHB: moving in the range 33.27 – 33.35 this morning, supportive level at 33.20 resistance level at 33.50
- SET Index: 1,540.90 (-2.11%), 23 June 2026
- S&P 500 Index: 7,365.46 (-1.44%), 23 June 2026
- Thai 10-year government bond yield (interpolated): 2.105 (-1.75 bps), 23 June 2026
- US 10-year treasury yield: 4.50 (-1.00 bps), 23 June 2026
- US data paints mixed picture as PMIs strengthen while regional surveys soften
- US senate votes to halt Iran war
- Eurozone PMI contraction eases in June
- BOJ signals further rate hikes as members push toward neutral policy rate
- MSCI delays Indonesia market status review to November
- Dollar firms amid broad risk-off moves
US data paints mixed picture as PMIs strengthen while regional surveys soften
The weekly ADP employment indicator improved from the previous week, while the S&P Global Flash PMI surveys exceeded expectations, pointing to resilient private-sector activity. However, regional Fed manufacturing surveys came in softer, suggesting some moderation in momentum and highlighting a divergence across economic indicators.
US senate votes to halt Iran war
The US senate passed a war powers resolution directing President Trump to end US military action against Iran, following a similar vote in the House. The 50-48 vote highlights growing concerns within Congress, including some Republican lawmakers, over the conflict and marks the first time both chambers have moved to limit presidential military authority under the 1973 War Powers Act.
Eurozone PMI contraction eases in June
Eurozone activity remained in contraction in June, though the downturn eased as the composite PMI rose to a three-month high of 49.5. Services improved but remained in contraction territory at 48.9, while manufacturing stayed in expansion at 51.3 despite easing from May. Weak demand continued to weigh on new orders and employment, but lower energy prices helped moderate inflation pressures and supported signs of economic stabilization.
BOJ signals further rate hikes as members push toward neutral policy rate
According to the latest meeting summary, several Bank of Japan policymakers supported further rate increases to move the policy rate closer to neutral levels.
MSCI delays Indonesia market status review to November
MSCI postponed its review of Indonesia’s equity market classification, citing the need to assess the effectiveness of recent reforms, including improved disclosures, investor classification transparency, and higher free-float requirements. While MSCI acknowledged progress, it stressed that consistent implementation remains key. In a separate report, South Korea also remained classified as an emerging market due to limited offshore won access and investment restrictions.
Dollar firms amid broad risk-off moves
The 10-year government bond yield (interpolated) on the previous trading day was 2.105, -1.75 bps. The benchmark government bond yield (LB365A) was 2.07, -4.00 bps. Meantime, the latest closed US 10-year bond yields was 4.50, -1.0 bps. USDTHB on the previous trading day closed around 33.07, moving in a range of 33.27 – 33.35 this morning. USDTHB could be closed between 33.20 – 33.50 today. The dollar strengthened amid broad risk-off sentiment as tech-heavy equities came under pressure, with the Nasdaq-100 falling over 3% and KOSPI down 10% amid elevated leverage and AI-related positioning. FX moves were relatively muted outside the equity sell-off, while mixed US data saw stronger S&P Global PMIs offset by a weaker Richmond Fed Manufacturing reading. EUR slipped below 1.1400 on mixed European PMIs and limited ECB support, while GBP weakened against the firmer dollar before a partial rebound. JPY traded sideways near 161.00 amid intervention risks.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
