- USDTHB: moving in the range 32.425-32.455 this morning supportive level at 32.35 resistance level at 32.60
- SET Index: 1,110.0 (+1.9%), 1 July 2025
- S&P 500 Index: 6,198.0 (-0.11%), 1 July 2025
- Thai 10-year government bond yield (interpolated): 1.574 (-2.58 bps), 1 July 2025
- US 10-year treasury yield: 4.26 (+2.0 bps), 1 July 2025
- Powell left options open, including a July rate cut
- Trump’s tax bill passes US senate
- US job openings climb to highest since November
- ISM manufacturing PMI shows slight improvement
- Eurozone inflation rises to hit ECB’s 2% goal
- Thai constitutional court suspends PM in ethics case
- US dollar holds steady
Powell left options open, including a July rate cut
Fed Chair Powell kept all options open for July, emphasizing a data-dependent approach. He said the US economy is healthy, with inflation nearing target. While tariffs haven’t impacted inflation yet, higher readings are expected this summer.
Trump’s tax bill passes US senate
The Senate passed a $3.3 trillion tax and spending bill 51-50, with VP Vance breaking the tie. The bill, combining tax cuts and spending cuts, now faces uncertain approval in the House amid GOP opposition. Critics say it could raise the deficit and hurt low-income Americans.
US job openings climb to highest since November
May JOLTS rose to 7.77mln, beating forecasts and the upper range. The quits rate edged up to 2.1%, and the vacancy rate to 4.6%. Analysts noted the gain was narrow, hiring remains weak, but low layoffs ease concern. The quits rate suggests wage pressures remain muted.
ISM manufacturing PMI shows slight improvement
ISM Manufacturing PMI rose to 49.0 in June, still in contraction. Prices paid unexpectedly increased, while new orders and employment fell. Production improved slightly. Businesses cited tariff uncertainty as a major drag, with reports of stalled orders and weak demand.
Eurozone inflation rises to hit ECB’s 2% goal
Headline CPI rose slightly from May’s 1.9%, in line with forecasts. Core inflation remained steady at 2.3%, while services inflation ticked up to 3.3%. Softer energy prices continue to help contain overall inflation pressures.
Thai constitutional court suspends PM in ethics case
Thailand’s Constitutional Court has suspended PM Paetongtarn Shinawatra over alleged ethics violations tied to a leaked call with Hun Sen. Deputy PM Suriya Juangroongruangkit will serve as acting leader pending a ruling.
US dollar holds steady
The 10-year government bond yield (interpolated) on the previous trading day was 1.574, -2.58 bps. The benchmark government bond yield (LB353A) was 1.583, -2.65 bps. Meantime, the latest closed US 10-year bond yields was 4.26, +2.0 bps. USDTHB on the previous trading day closed around 32.48, moving in a range of 32.425 – 32.455 this morning. USDTHB could be closed between 32.35 – 32.60 today. The dollar was mostly steady amid mixed risk sentiment, boosted by stronger-than-expected US JOLTS and ISM Manufacturing data but weighed down by weaker construction spending. Fed Chair Powell maintained a cautious, data-driven stance ahead of July’s meeting, while the Senate passed Trump’s tax bill. The euro fluctuated near 1.1800 amid mixed data and ECB uncertainty. The British pound held steady around 1.3700 as UK manufacturing PMI met expectations and BoE’s Bailey signaled gradual rate cuts. The Japanese yen strengthened despite late pressure from Trump’s suggestion of possible high tariffs on Japan.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
