- USDTHB: moving in the range 32.31-32.435 this morning supportive level at 32.30 resistance level at 32.55
- SET Index: 1,128.6 (-1.1%), 12 June 2025
- S&P 500 Index: 6,045.3 (+0.38%), 12 June 2025
- Thai 10-year government bond yield (interpolated): 1.686 (-1.38 bps), 12 June 2025
- US 10-year treasury yield: 4.36 (-5.0 bps), 12 June 2025
- Soft US PPI suggest tariff impact still limited
- US weekly jobless claims steady at higher levels
- Strong 30-year bond auction eases market jitters
- UK economy shrunk 0.3% in April as tariffs and taxes bite
- PM Ishiba: wide gap remains in Japan-US tariff talks
- The dollar falls after a PPI report
Soft US PPI suggest tariff impact still limited
US producer price inflation stayed subdued in May, signaling that tariffs have yet to significantly push up prices for consumers or businesses. The Producer Price Index (PPI) rose 0.1% from the previous month, below the 0.2% forecast, with core PPI (excluding food and energy) also up 0.1%. Key components tied to the PCE measure showed continued softness—airline passenger services fell 1.1% M/M, following a 1.8% drop in April. While the tariff impact has been limited so far, economists expect price pressures to grow later this year as firms begin passing higher costs on to consumers.
US weekly jobless claims steady at higher levels
Initial jobless claims for the week were unchanged at 248k, above the expected 240k, marking a clear shift toward the 240–250k range, compared to the previous 230k trend. Continued claims also climbed to 1.956 million—the highest since November 2021—well above the 1.91 million expected.
Strong 30-year bond auction eases market jitters
A 30-year US Treasury auction attracted stronger-than-expected demand, easing concerns that investors might avoid the government’s longest-dated debt.
UK economy shrunk 0.3% in April as tariffs and taxes bite
The UK's gross domestic product dropped 0.3% in April, the largest monthly contraction in 18 months, due to sharp tax increases and US President Donald Trump's tariffs. It sets the stage for a tepid second quarter as firms and consumers navigate mounting job losses, tax rises and Trump’s global trade war. April saw the largest monthly drop in US goods exports since records began in January 1997 after a rush to get ahead of the tariffs in the first quarter.
PM Ishiba: wide gap remains in Japan-US tariff talks
Japan’s PM Shigeru Ishiba says a wide gap remains in US-Japan trade talks and no timeline is set for a deal. He’s expected to discuss tariffs and US Treasury holdings with President Trump at the G7. Japan could face higher tariffs by July 9 if no agreement is reached.
The dollar falls after a PPI report
The 10-year government bond yield (interpolated) on the previous trading day was 1.686, -1.38 bps. The benchmark government bond yield (LB353A) was 1.694, -1.44 bps. Meantime, the latest closed US 10-year bond yields was 4.36, -5.0 bps. USDTHB on the previous trading day closed around 32.47, moving in a range of 32.31– 32.435 this morning. USDTHB could be closed between 32.30 – 32.55 today. The dollar declined against major currencies following the weaker-than-expected US PPI report, reinforcing the trend of easing price pressures already reflected in the recent CPI data. The euro strengthened amid continued dollar weakness, supported by comments from ECB officials. The Japanese yen gained, with USD/JPY falling below the 144.00 level, reaching lows following the soft US PPI data and a narrowing of yield differentials.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
