- USDTHB: moving in the range 33.42-33.475 this morning supportive level at 33.30 resistance level at 33.70
- SET Index: 1,171.1 (+1.0%), 29 Apr 2025
- S&P 500 Index: 5,560.8 (+0.6%), 29 Apr 2025
- Thai 10-year government bond yield (interpolated): 1.899 (-0.02 bps), 29 Apr 2025
- US 10-year treasury yield: 4.19 (-4.0 bps), 29 Apr 2025
- Trump to sign order aimed at reducing auto tariff burden
- US CB consumer confidence drops to near five-year low
- US job openings decrease to a six-month low
- Moody's lowers Thailand's outlook to negative, keeps Baa1 ratings
- Dollar edges higher ahead of key economic data releases
Trump to sign order aimed at reducing auto tariff burden
President Trump is expected to ease his auto tariffs by preventing overlapping duties on foreign-made cars and reducing some levies on imported parts used in US manufacturing, according to the Wall Street Journal. A White House official said the measures are expected Tuesday. Commerce Secretary Lutnick added the plan supports domestic automakers and workers, rewarding companies that manufacture in the U.S. and invest in expanding local production.
US CB consumer confidence drops to near five-year low
US consumer confidence dropped in April to a near five-year low, with growing concerns over tariffs hurting the economy and job market. The Conference Board’s index fell to 86, the lowest since May 2020, marking five consecutive monthly declines. Consumer expectations for the next six months also hit their lowest since 2011, while inflation expectations rose to the highest level since November 2022.
US job openings decrease to lowest level since September
US job openings dropped to their lowest level since September, signaling reduced labor demand amid growing economic uncertainty. Available positions fell to 7.19 million from a revised 7.48 million in February, below expectations. However, layoffs decreased, and more workers voluntarily left their jobs, which softened the impact of the decline in vacancies—bringing them to levels not seen since 2020. The data suggests that employer demand for workers is weakening as companies delay spending plans until there’s more clarity on President Trump’s policies.
Moody's lowers Thailand's outlook to negative, keeps Baa1 ratings
Moody's has confirmed Thailand's Baa1 ratings but changed the outlook to negative due to concerns over weakening economic and fiscal strength. US tariffs could hurt global trade and Thailand's economy, and uncertainty about further tariffs adds to risks. This could slow Thailand's post-pandemic recovery and worsen its fiscal position.
Dollar edges higher ahead of key economic data releases
The 10-year government bond yield (interpolated) on the previous trading day was 1.899, -0.02 bps. The benchmark government bond yield (LB353A) was 1.90, +0.02 bps. Meantime, the latest closed US 10-year bond yields was 4.19, -4.0 bps. USDTHB on the previous trading day closed around 33.33, moving in a range of 33.42 – 33.475 this morning. USDTHB could be closed between 33.30 – 33.70 today. The dollar softened against all G10 currencies during a quiet trading session marked by limited news and a lack of major economic data. The dollar recovered some of Monday’s losses, strengthening against all G10 currencies, as the index remained resilient despite weak data—US Consumer Confidence declined for a fifth straight month in April, and job openings hit a six-month low. Attention also stayed on tariffs, with President Trump expected to sign three auto-related orders today and unveil a new car tariff rollback in Michigan. The euro faced slight pressure as sentiment in the Eurozone weakened in April, with declines seen across the Services, Economic, and Industrial sectors. The Japanese yen weakened as risk appetite improved, and USD/JPY bounced back after briefly dipping below the 142.00 level.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
