- USDTHB: moving in the range 32.52-32.55 this morning supportive level at 32.40 resistance level at 32.60
- SET Index: 1,242.3 (-1.4%), 18 Aug 2025
- S&P 500 Index: 6,449.2 (-0.01%), 18 Aug 2025
- Thai 10-year government bond yield (interpolated): 1.346 (-1.40 bps), 18 Aug 2025
- US 10-year treasury yield: 4.34 (+1.0 bps), 18 Aug 2025
- Trump calls for Putin-Zelensky meeting after talks
- US Homebuilder sentiment dips
- Thailand’s GDP slows in Q2, slightly exceeding expectations
- Thailand to let foreign tourists convert crypto to baht
- Dollar rises slightly ahead of key Jackson Hole meeting
Trump calls for Putin-Zelensky meeting after talks
US President Donald Trump announced on Monday that he is organizing a meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky to seek an end to their ongoing conflict, with the possibility of trilateral talks following their initial discussions. This announcement came shortly after Trump highlighted a positive meeting with Zelensky and several European leaders at the Oval Office, following his recent talks with Putin in Alaska as part of efforts to broker a ceasefire in the Russia-Ukraine war.
US Homebuilder sentiment dips
The NAHB housing index fell to 32.0 in July from 33.0, missing forecasts for a rise to 34.0. Current home sales dipped, future sales held steady, and buyer traffic saw a modest uptick. Homebuilder sentiment remains weak amid affordability concerns and economic uncertainty.
Thailand’s GDP slows in Q2, slightly exceeding expectations
In Q2/25, Thailand’s economy grew 2.8% year-on-year, slowing from 3.2% in Q1/25 but beating market expectations of 2.5%. On a quarterly basis, GDP rose 0.6% (seasonally adjusted). The slowdown was driven by weaker private and government consumption, and softer exports, while investment and imports showed stronger growth.
Thailand to let foreign tourists convert crypto to baht
Thailand will ease rules allowing foreign visitors to convert digital assets into baht for travel expenses under the new TouristDigipay program. Starting in Q4, this 18-month trial within a regulatory sandbox will require tourists to use licensed digital-asset operators and e-money providers, with a spending cap of 500,000 baht per month.
Dollar rises slightly ahead of key Jackson Hole meeting
The 10-year government bond yield (interpolated) on the previous trading day was 1.346, -1.40 bps. The benchmark government bond yield (LB353A) was 1.340, -1.67 bps. Meantime, the latest closed US 10-year bond yields was 4.34, +1.0 bps. USDTHB on the previous trading day closed around 32.44, moving in a range of 32.52 – 32.55 this morning. USDTHB could be closed between 32.40 – 32.60 today. The dollar started the week strong, with the index climbing back above the 98.00 mark amid a lack of major news, economic data, or Fed commentary, as markets awaited Fed Chair Powell’s speech at Jackson Hole. Trading was largely subdued and driven by geopolitical developments. The euro lost ground against the firmer dollar, slipping below the 1.1700 level. The British pound was under pressure, with GBP/USD testing the 1.3500 support level amid quiet UK newsflow, though reports suggested Chancellor Reeves might replace stamp duty with a new property tax. Meanwhile, the Japanese yen weakened as USD/JPY approached the 148.00 level before encountering resistance.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
