- USDTHB: moving in the range 32.465-32.50 this morning supportive level at 32.40 resistance level at 32.60
- SET Index: 1,122.7 (-0.5%), 13 June 2025
- S&P 500 Index: 5,977.0 (-1.14%), 13 June 2025
- Thai 10-year government bond yield (interpolated): 1.680 (-0.58 bps), 13 June 2025
- US 10-year treasury yield: 4.41 (+5.0 bps), 13 June 2025
- Middle East conflict worsens
- US consumer sentiment rises amid easing inflation expectations
- EU trade surplus with US grows in April despite tariffs
- UK household inflation expectations fell before April CPI spike
- Dollar strengthens as Middle East conflict intensifies
Middle East conflict worsens
Israel struck Iran’s nuclear sites, reportedly killing top military and nuclear figures. Though Israel informed the US beforehand, Washington denies involvement—claims Iran disputes. Trump urged Iran to negotiate, warning of harsher Israeli action. Meanwhile, Iran retaliated with under 100 missiles, mostly intercepted, as Khamenei vowed a full response and officials warned no place in Israel would be safe.
US consumer sentiment rises amid easing inflation expectations
The preliminary University of Michigan survey for June beat expectations across the board. Sentiment rose to 60.5, current conditions to 63.7, and expectations jumped to 58.4, entering expansion territory. One-year inflation expectations fell sharply to 5.1%, while five-year expectations dipped to 4.1%. The report notes consumers are stabilizing after the tariff shock in April, but still see significant downside risks. Views on business conditions, finances, and markets remain well below December 2024 levels.
EU trade surplus with US grows in April despite tariffs
The European Union's trade surplus in goods with the US grew in April despite American tariffs, while exports to China fell for the ninth straight month. Overall, the EU's goods trade surplus dropped to €7.4 billion ($8.5 billion), down from €12.7 billion.
UK household inflation expectations fell before April CPI spike
UK households expect inflation to ease to 3.2% over the next year, according to a Bank of England survey conducted before last month’s unexpected rise in consumer prices. However, longer-term forecasts show lingering doubts, with households predicting inflation at 3.2% in two years and 3.6% further out—above the BOE’s 2% target. On a more positive note, 34% of respondents expect interest rates to fall within a year, and public satisfaction with the BOE’s performance has improved.
Dollar strengthens as Middle East conflict intensifies
The 10-year government bond yield (interpolated) on the previous trading day was 1.680, -0.58 bps. The benchmark government bond yield (LB353A) was 1.690, -0.37 bps. Meantime, the latest closed US 10-year bond yields was 4.41, +5.0 bps. USDTHB on the previous trading day closed around 32.44, moving in a range of 32.465– 32.50 this morning. USDTHB could be closed between 32.40 – 32.60 today. The dollar strengthened broadly against most currencies, regaining its appeal as a safe haven amid geopolitical tensions following Israel’s attack on Iran. The conflict has dominated markets, impacting FX, crude oil, and bonds. The dollar outperformed all major currencies except the Canadian dollar and even surpassed other safe havens like the Swiss franc and Japanese yen. Meanwhile, US data showed much stronger-than-expected University of Michigan preliminary results for June, but this had little immediate market impact. Throughout the day, the dollar maintained its gains, supported by rising crude prices and inflation concerns that boosted US Treasury yields and limited any USD pullback.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
