- USDTHB: moving in the range 33.29 – 33.32 this morning, supportive level at 33.25 resistance level at 33.45
- SET Index: 1,577.81 (+2.30%), 29 June 2026
- S&P 500 Index: 7,440.43 (+1.18%), 29 June 2026
- Thai 10-year government bond yield (interpolated): 2.050 (+1.37 bps), 29 June 2026
- US 10-year treasury yield: 4.38 (+0.00 bps), 29 June 2026
- US-Iran deliver conflicting messages on Doha talks
- The US Supreme Court rejects Trump's effort to fire Lisa Cook
- Spanish inflation unexpectedly holds well above ECB target
- South Korea unveils KRW 800tn AI and semiconductor investment plan
- Thailand unveils expansionary FY2027 budget
- Dollar eases as risk-on mood outweighs inflation concerns
US-Iran deliver conflicting messages on Doha talks
The US and Iran issued conflicting statements over potential talks in Doha, with President Trump saying a meeting will take place, while Iranian officials denied that formal or technical nuclear negotiations are scheduled. Iran added that any future discussions would remain conditional and indirect through mediators, while maintaining restrictions on military transit through the Strait of Hormuz.
The US Supreme Court rejects Trump's effort to fire Lisa Cook
The US Supreme Court rejected President Trump’s attempt to remove Fed Governor Cook, reinforcing the Federal Reserve’s independence and ruling that Cook is entitled to due process before any dismissal. Cook welcomed the decision as a reaffirmation of the Fed’s autonomy, while Trump said he would pursue further action to prevent Cook from participating in key policy decisions.
Spanish inflation unexpectedly holds well above ECB target
Spain’s June inflation unexpectedly held at 3.6%, remaining well above the ECB’s target as higher electricity and natural gas prices offset lower fuel costs.
South Korea unveils KRW 800tn AI and semiconductor investment plan
South Korea unveiled a long-term technology investment plan, with Samsung and SK Group committing up to KRW 800 trillion to expand semiconductor capacity, AI infrastructure, and robotics, reinforcing the country’s leadership in memory chips.
Thailand unveils expansionary FY2027 budget
Thailand proposed a THB 3.79 trillion FY2027 budget with a THB 788 billion deficit to support economic growth, while aiming to keep public debt below the 70% fiscal ceiling.
Dollar eases as risk-on mood outweighs inflation concerns
The 10-year government bond yield (interpolated) on the previous trading day was 2.050, +1.37 bps. The benchmark government bond yield (LB365A) was 2.03, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.38, +0.0 bps. USDTHB on the previous trading day closed around 33.33, moving in a range of 33.29 – 33.32 this morning. USDTHB could be closed between 33.25 – 33.45 today. The US dollar weakened as improving risk sentiment reduced demand for safe-haven assets, with a lack of major US data leaving markets focused on Fed commentary and geopolitics. Fed’s Barkin reiterated that a modestly restrictive policy stance remains appropriate given persistent inflation, while markets largely ignored the Supreme Court’s decision not to remove Fed Governor Cook. In the Middle East, the absence of further US-Iran strikes supported risk appetite, although Iran’s denial of planned talks with the US lifted oil prices and kept short-end Treasury yields firm. Meanwhile, the euro extended gains above 1.14 after ECB President Lagarde warned that future inflation shocks could become more frequent but emphasized the ECB has room to tighten policy if needed. The British pound outperformed after UK Prime Ministerial candidate Burnham unveiled market-friendly economic plans with no major policy surprises, while the Japanese yen weakened gradually, pushing USD/JPY close to the 162.00 level ahead of key economic data.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
