- USDTHB: moving in the range 31.11 – 31.16 this morning, supportive level at 31.00 resistance level at 31.20
- SET Index: 1,259.3 (-0.44%), 26 Dec 2025
- S&P 500 Index: 6,929.9 (-0.03%), 26 Dec 2025
- Thai 10-year government bond yield (interpolated): 1.695 (+0.26 bps), 26 Dec 2025
- US 10-year treasury yield: 4.14 (-1.0 bps), 26 Dec 2025
- BOJ summary points to further rate hikes
- China signals more proactive fiscal stance in 2026
- China’s industrial profits tumble at fastest pace in over a year
- Thailand, Cambodia agree ceasefire
- Holiday season leaves FX trading light
BOJ summary points to further rate hikes
Bank of Japan policymakers debated whether to keep raising interest rates at their December meeting, with some members urging “timely” action to head off future inflation pressures, according to a summary of opinions. Many board members saw scope for further rate increases, noting the policy rate remains deeply negative in real terms. One view also linked the weak yen and rising long-term yields to the BOJ’s rate being too low relative to inflation.
China signals more proactive fiscal stance in 2026
China will broaden its fiscal spending in 2026 to support growth, directing investment toward priority areas including advanced manufacturing, technological innovation and human capital development. Officials also approved revisions to the foreign trade law, adding provisions to protect national sovereignty, security and development interests.
China’s industrial profits tumble at fastest pace in over a year
Profits at China’s industrial firms fell at their fastest pace in more than a year in November, underscoring a faltering recovery as weak domestic demand outweighed resilient exports. Profits dropped 13.1% year on year, accelerating from a 5.5% decline in October, NBS data showed. For the first 11 months, profits rose just 0.1%, slowing sharply, partly due to a steep slump in coal sector earnings.
Thailand, Cambodia agree ceasefire
Thailand and Cambodia agreed to an immediate ceasefire for the second time in six months, with Thailand’s defense chief casting the move as a test of good faith rather than a concession. Diplomats from both countries began two days of talks in China on Sunday. Meanwhile, Donald Trump said the United Nations had been “of very little assistance or help” in resolving the violence.
Holiday season leaves FX trading light
The 10-year government bond yield (interpolated) on the previous trading day was 1.695, +0.26 bps. The benchmark government bond yield (LB353A) was 1.656, +0.84 bps. Meantime, the latest closed US 10-year bond yields was 4.14, -1.0 bps. USDTHB on the previous trading day closed around 31.07, moving in a range of 31.11 – 31.16 this morning. USDTHB could be closed between 31.00 – 31.20 today. Trading volumes in Asian and European FX markets remained light as many investors were away for the holidays. The US dollar hovered near 12-week lows while traders digested Japanese economic data and considered the prospects for future US rate cuts. Meanwhile, most major currencies saw muted movement on Friday amid thin year-end trading.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
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