- USDTHB: moving in the range 32.88 – 32.90 this morning, supportive level at 32.77 resistance level at 33.00
- SET Index: 1,600.70 (-0.08%), 27 Aug 2026
- S&P 500 Index: 7,730.99 (+0.72%), 27 Aug 2026
- Thai 10-year government bond yield (interpolated): 2.134 (-0.07 bps), 27 Aug 2026
- US 10-year treasury yield: 4.67 (+1.00 bps), 27 Aug 2026
- Fed officials flag persistent inflation risks
- ECB minutes show unanimous hold, further hike remains likely
- Tokyo CPI firms as core inflation nears BoJ target
- BoK and BSP raise rates again amid inflation risks
- Thailand’s exports surge 21.6% in July
- Dollar holds flat as markets await Warsh’s Jackson Hole address
Fed officials flag persistent inflation risks
Fed commentary at Jackson Hole remained mixed but leaned hawkish, with Collins maintaining that policy is restrictive while warning hikes may be needed if inflation disappoints, while Schmid and Hammack argued inflation remains too persistent and suggested tighter policy may be warranted; Goolsbee remained more neutral, focusing on whether recent inflation shocks prove persistent.
ECB minutes show unanimous hold, further hike remains likely
ECB minutes showed unanimous support for holding rates amid high uncertainty, though some members would not have opposed a hike. The Council agreed to reassess in September while signalling further tightening may be needed unless the inflation outlook improves significantly.
Tokyo CPI firms as core inflation nears BoJ target
Tokyo inflation edged higher in August, with headline CPI rising to 1.9% YoY from 1.8%, while core CPI increased to 1.8% from a revised 1.7%, in line with expectations and remaining close to the BoJ’s 2% target. Underlying inflation excluding fresh food and energy eased slightly to 1.9% from 2.0%, as a stronger yen helped reduce import cost pressures.
BoK and BSP raise rates again amid inflation risks
The Bank of Korea raised rates by 25bp to 3.0% for a second consecutive meeting, citing persistent inflation and strong growth as it lifted its 2026 GDP forecast to 3.3% from 2.6%, while signalling further tightening remains possible. The Philippine central bank also raised rates by 25bp to 5.0% for a third straight meeting as it seeks to curb inflation running well above target despite weak economic growth.
Thailand’s exports surge 21.6% in July
Thailand’s exports surged 21.6% YoY in July, accelerating from 20.8% in June, driven by strong electronics and agricultural demand. Imports rose 36.7%, while the trade deficit narrowed to USD 3.6bn, marking a ninth consecutive monthly shortfall. Manufacturing production also rebounded 0.46% YoY from a revised 2.38% contraction in June, supported by robust global demand for electronics components.
Dollar holds flat as markets await Warsh’s Jackson Hole address
The 10-year government bond yield (interpolated) on the previous trading day was 2.134, -0.07 bps. The benchmark government bond yield (LB365A) was 2.09, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.67, +1.0 bps. USDTHB on the previous trading day closed around 32.82, moving in a range of 32.88 – 32.90 this morning. USDTHB could be closed between 32.77 – 33.00 today. The dollar was broadly flat on Thursday, trading mixed against G10 peers as Fed commentary at Jackson Hole had limited impact, while US jobless claims unexpectedly declined and the goods trade deficit widened on a surge in capital goods imports amid strong AI hardware demand. Attention now turns to Fed Chair Warsh’s Jackson Hole address on Friday. Geopolitically, reports suggested the Trump administration has no interest in returning to the terms of the June MoU with Iran. The euro was little changed following uneventful ECB minutes, while the British pound lacked direction amid limited catalysts and resistance around 1.3600. The Japanese yen was also broadly flat, with BoJ Deputy Governor Himino’s comments reinforcing expectations for a likely 25bp September hike as he highlighted greater upside inflation risks.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
