- USDTHB: moving in the range 32.59-32.62 this morning supportive level at 32.50 resistance level at 32.75
- SET Index: 1,139.2 (+0.3%), 10 June 2025
- S&P 500 Index: 6,038.8 (+0.55%), 10 June 2025
- Thai 10-year government bond yield (interpolated): 1.685 (-0.47 bps), 10 June 2025
- US 10-year treasury yield: 4.47 (-2.0 bps), 10 June 2025
- US and China officials agree on plan to reduce trade tensions
- US Appeals Court says Trump tariffs can remain in effect
- US small-business sentiment increases for first time this year
- UK employment drops by 276,000 after Reeves introduces tax-raising budget
- World Bank cuts global growth forecast on trade tensions
- Dollar remains steady ahead of US CPI
US and China officials agree on plan to reduce trade tensions
American and Chinese negotiators in London said both sides agreed on a framework on how to implement the consensus the two sides reached in the prior round of talks in Geneva. The US and Chinese delegations will now take the proposal back to their respective leaders.
US Appeals Court says Trump tariffs can remain in effect
The order by the US Court of Appeals for the Federal Circuit extends an earlier, short-term reprieve for the administration as it presses a challenge to a lower court ruling last month that blocked the tariffs. The Justice Department had argued that US officials’ concerns about ongoing trade negotiations outweighed the economic harm claimed by the small businesses that sued.
US small-business sentiment increases for first time this year
US small business sentiment improved in May 2025, the first rise this year, as the NFIB optimism index climbed 3 points to 98.8. This was driven by a more positive economic outlook, particularly for future business conditions and sales. However, concerns about President Trump's tariffs and pending tax legislation persist, with taxes becoming the top small business concern for the first time since late 2020.
UK employment drops by 276,000 after Reeves introduces tax-raising budget
UK employment saw its largest plunge in five years in May, with 109,000 fewer employees on payroll—significantly worse than economists' predictions. Wage growth also slowed more than forecast. This deterioration in the job market, particularly in sectors affected by Chancellor Rachel Reeves' budget, suggests the Bank of England may implement further interest rate cuts, with traders anticipating one by September and a second by year-end.
World Bank cuts global growth forecast on trade tensions
The World Bank cut its 2025 global growth forecast to 2.3%, a 0.4 percentage point reduction, due to tariffs and uncertainty. This revised outlook, affecting nearly 70% of economies including the US, China, and Europe, reflects a significant downturn. While not a recession, 2025's projected growth will be the weakest since 2008 (excluding recessions).
Dollar remains steady ahead of US CPI
The 10-year government bond yield (interpolated) on the previous trading day was 1.685, -0.47 bps. The benchmark government bond yield (LB353A) was 1.688, +0.69 bps. Meantime, the latest closed US 10-year bond yields was 4.47, -2.0 bps. USDTHB on the previous trading day closed around 32.71, moving in a range of 32.59– 32.62 this morning. USDTHB could be closed between 32.50 – 32.75 today. The dollar remained mostly steady due to limited news and a quiet US economic calendar ahead of Wednesday’s CPI release. The euro ended up flat after recovering earlier losses, with recent ECB commentary offering little new information. The British pound underperformed following the UK jobs report. The Japanese yen weakened amid improved risk appetite, although USD/JPY eased from its intraday highs after briefly touching the 145.00 level.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
