- USDTHB: moving in the range 32.29-32.325 this morning, supportive level at 32.20 resistance level at 32.40
- SET Index: 1,244.5 (+0.6%), 1 Sep 2025
- S&P 500 Index: 6,460.3 (-0.64%), 29 Aug 2025
- Thai 10-year government bond yield (interpolated): 1.293 (-2.20 bps), 1 Sep 2025
- US 10-year treasury yield: 4.23 (+1.0 bps), 29 Aug 2025
- Trump: India offered to slash tariffs to ‘nothing’
- Eurozone manufacturing expands first time since 2022
- Xi pledges more funding to strengthen China-Russia-led bloc
- Cooling inflation may pave way for BOK easing
- Dollar softens amid US holiday
Trump: India offered to slash tariffs to ‘nothing’
President Donald Trump said India has offered to lower its tariffs after the US imposed 50% duties in response to New Delhi’s continued purchases of Russian oil. The new U.S. tariffs affect over 55% of Indian exports to the U.S., hitting labor-intensive sectors like textiles and jewelry, while sparing key goods such as electronics and pharmaceuticals. Despite Washington’s pressure, Prime Minister Narendra Modi has reaffirmed India’s close ties with Moscow, calling the relationship “special.”
Eurozone manufacturing expands first time since 2022
Eurozone manufacturing expanded in August for the first time since mid-2022, driven by stronger domestic demand and higher output. The HCOB Manufacturing PMI rose to 50.7, beating July’s 49.8 and the flash estimate of 50.5, marking its highest level in over three years.
Xi pledges more funding to strengthen China-Russia-led bloc
President Xi Jinping said China will boost investment and loans to its partners, as part of efforts to strengthen the China- and Russia-led Shanghai Cooperation Organization (SCO). He announced grants for SCO member countries and more lending through the group’s banking network. Xi also urged the bloc to stand against “Cold War mentality” and called for setting up an SCO Development Bank as soon as possible.
Cooling inflation may pave way for BOK easing
South Korea’s consumer inflation eased to its slowest pace of the year in August, with headline prices rising 1.7% year-on-year. Core inflation, which strips out food and energy, slowed to 1.3% — the weakest in four years — largely due to a one-off decline in communication costs. The moderation is seen as temporary, with inflation expected to pick up again as the base effect fades. Some economists anticipate the Bank of Korea may resume its easing cycle as early as October.
Dollar softens amid US holiday
The 10-year government bond yield (interpolated) on the previous trading day was 1.293, -2.20 bps. The benchmark government bond yield (LB353A) was 1.281, -2.04 bps. Meantime, the latest closed US 10-year bond yields was 4.23, +1.0 bps. USDTHB on the previous trading day closed around 32.32, moving in a range of 32.29 – 32.325 this morning. USDTHB could be closed between 32.20 – 32.40 today. The dollar drifted lower on Monday amid thin liquidity due to the US Labor Day holiday, as traders stayed cautious ahead of this month’s Fed policy meeting. With a key US payrolls report due later in the week, market participants were reluctant to take strong positions. The dollar index eased 0.2% during European hours, after ending last week largely unchanged.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
