- USDTHB: moving in the range 32.445-32.485 this morning supportive level at 32.35 resistance level at 32.60
- SET Index: 1,143.3 (+2.0%), 14 July 2025
- S&P 500 Index: 6,268.6 (+0.1%), 14 July 2025
- Thai 10-year government bond yield (interpolated): 1.556 (+0.31 bps), 14 July 2025
- US 10-year treasury yield: 4.43 (+0.0 bps), 14 July 2025
- Trump threatens tariffs on Russia over Ukraine
- China posts larger trade surplus in June
- Malaysia imposes AI chip export rules as US eyes China trade flows
- Thailand considers tariff-free access for US goods
- The dollar continues to edge higher following fresh tariff announcements
Trump threatens tariffs on Russia over Ukraine
US President Donald Trump warned of steep tariffs on Russia if it fails to end its conflict with Ukraine, while also pledging new arms for Kyiv. Speaking alongside NATO Secretary General Mark Rutte at the White House, Trump said, “We’re going to be doing very severe tariffs if we don’t have a deal in 50 days — tariffs at about 100%.” He referred to them as “secondary tariffs,” a term he’s previously used to describe penalties on nations that trade with US adversaries, though he offered no further specifics.
China posts larger trade surplus in June
Exports rose 5.8% in June year-on-year to $325 billion, surpassing market expectations. Imports increased 1.1%, marking their first growth since February. Shipments to the US dropped 16.1% from a year earlier, following a 34% decline in May. However, Chinese exporters offset the US decline with strong gains elsewhere, particularly in the ASEAN region, where exports jumped 17%. The trade surplus widened to $114.77 billion in June, beating forecasts of $113.20 billion and rising from $103.22 billion the previous month. For the first half of the year, China posted a record trade surplus of around $586 billion, aided by stabilizing US exports and resilient factory output despite ongoing trade tensions.
Malaysia imposes AI chip export rules as US eyes China trade flows
Malaysia will mandate export permits for high-performance US AI chips, requiring individuals and companies to notify authorities at least 30 days in advance. The government stated it aims to close regulatory loopholes and warned it would not tolerate the misuse of its jurisdiction for illegal trade activities.
Thailand considers tariff-free access for US goods
Thailand is considering granting duty-free access to more US products in an effort to convince the Trump administration to reduce proposed tariffs on Thai exports. Officials in Thailand are hopeful that a deal can be reached before the August 1 deadline set by President Donald Trump. The proposed agreement would involve scrapping import taxes on 90% of US goods and eliminating other trade barriers.
The dollar continues to edge higher following fresh tariff announcements
The 10-year government bond yield (interpolated) on the previous trading day was 1.556, +0.31 bps. The benchmark government bond yield (LB353A) was 1.551, -0.16 bps. Meantime, the latest closed US 10-year bond yields was 4.43, +0.0 bps. USDTHB on the previous trading day closed around 32.42, moving in a range of 32.445 – 32.485 this morning. USDTHB could be closed between 32.35 – 32.60 today. The dollar edged higher following fresh tariff announcements, including a 30% threat on the EU and Mexico, with geopolitical tensions in focus after President Trump warned of a 100% tariff on Russia if no Ukraine peace deal is reached within 50 days—though the delay offered a less severe outcome than markets had feared, shifting attention to upcoming US CPI data. The euro softened after failing to break the 1.1700 resistance, as reports suggested the ECB may consider a more pessimistic scenario next week, though rate cut discussions remain postponed until September. Meanwhile, the Japanese yen continued its upward trend, with USD/JPY nearing the 148.00 level.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
