- USDTHB: moving in the range 32.34-32.35 this morning supportive level at 32.25 resistance level at 32.50
- SET Index: 1,233.7 (+1.3%), 29 July 2025
- S&P 500 Index: 6,370.9 (-0.30%), 29 July 2025
- Thai 10-year government bond yield (interpolated): 1.519 (+2.56 bps), 29 July 2025
- US 10-year treasury yield: 4.34 (-8.0 bps), 29 July 2025
- US, China agree to extend tariff truce
- US JOLTS Job Openings slip below expectations in June
- US consumer confidence climbs, exceeds forecasts
- Spain maintains growth amid trade turmoil
- Dollar extended gains, supported by ongoing euro weakness
US, China agree to extend tariff truce
US and Chinese negotiators wrapped up their latest round of trade talks in Stockholm with an agreement to pursue an extension of the current tariff truce. Treasury Secretary Scott Bessent said discussions will continue over the next two weeks ahead of the truce’s expiration, with President Donald Trump set to make the final decision. One option under consideration is a 90-day extension. In separate reports, US Commerce Secretary Lutnick said a new plan on pharmaceuticals is coming in two weeks and “will be higher,” warning of “massive” tariffs if production isn’t moved to the US.
US JOLTS Job Openings slip below expectations in June
Job openings dipped slightly to 7.437 million in June from 7.712 million in May, just below the expected 7.5 million, while the vacancy rate eased to 4.4% from 4.6%. The quits rate held steady at a low 2.0%, with previous months revised down from 2.1%, suggesting workers are staying in their current roles—an ongoing sign that wage growth is unlikely to drive inflation. Overall, the report showed a steady labor market: hiring remains soft, but layoffs are also low.
US consumer confidence climbs, exceeds forecasts
US consumer confidence rose more than expected in July, climbing to 97.2, up from a revised 95.2 in June. The present situation index dipped 1.5 points to 131.5, as a softer view of the labor market outweighed a slight improvement in business conditions. In contrast, the expectations index increased by 4.5 points to 74.4, driven by a less pessimistic outlook on the labor market, business conditions, and income prospects. Analysts noted that consumers continued to express concern about tariffs, mainly linking them to higher prices. Mentions of high prices and inflation also rose, though 12-month inflation expectations edged down slightly to 5.8% from 5.9% in June, well below April’s 7% peak.
Spain maintains growth amid trade turmoil
Spain’s GDP grew 0.7% in Q2, up from 0.6% in Q1 and matching forecasts, showing resilience despite Trump-era tariff tensions. Growth was led by household spending, while trade and government outlays were slight drags.
Dollar extended gains, supported by ongoing euro weakness
The 10-year government bond yield (interpolated) on the previous trading day was 1.519, +2.56 bps. The benchmark government bond yield (LB353A) was 1.522, +2.72 bps. Meantime, the latest closed US 10-year bond yields was 4.34, -8.0 bps. USDTHB on the previous trading day closed around 32.47, moving in a range of 32.34 – 32.35 this morning. USDTHB could be closed between 32.25 – 32.50 today. The dollar extended gains, supported by continued euro weakness following the EU-US trade deal, which drew negative reactions from Germany and France. The euro remained under pressure due to the trade deal and a lack of fresh data. The British pound was relatively stable near the 1.3300 level after a choppy session, while the Japanese yen saw modest gains, with USD/JPY contained around 148.00 ahead of the BoJ’s two-day meeting.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
