- USDTHB: moving in the range 32.39-32.47 this morning supportive level at 32.35 resistance level at 32.55
- SET Index: 1,262.7 (+0.7%), 25 Aug 2025
- S&P 500 Index: 6,439.3 (-0.43%), 25 Aug 2025
- Thai 10-year government bond yield (interpolated): 1.323 (-2.68 bps), 25 Aug 2025
- US 10-year treasury yield: 4.28 (+2.0 bps), 25 Aug 2025
- Trump removes Fed Governor Cook, effective immediately
- New home sales dip slightly, but outperform forecasts
- German business sentiment rises to highest level in more than a year
- Thai export growth slowed in July but still exceeded forecasts
- Dollar fades after bounce; Fed pressure weighs
Trump removes Fed Governor Cook, effective immediately
President Donald Trump announced that Federal Reserve Governor Lisa Cook would be removed from her position with immediate effect, citing alleged false statements on two mortgage applications. In a letter shared on social media, Trump stated there was “sufficient cause” for her dismissal.
New home sales dip slightly, but outperform forecasts
US new home sales dipped 0.6% in July to 652k, slightly above the 630k consensus, though down from a revised 656k in June. Housing inventory edged 0.6% lower to 499k, holding steady at 9.2 months of supply. The median sales price fell 0.8% M/M and 5.9% Y/Y to $403.8k.
German business sentiment rises to highest level in more than a year
Business confidence in Germany unexpectedly rose to its highest level in 15 months, supported by the recent EU–US trade deal. The Ifo business climate index climbed to 89.0 in August, up from 88.6 in July and above expectations. The expectations component improved to 91.6 from a revised 90.8, while the current conditions gauge edged slightly lower.
Thai export growth slowed in July but still exceeded forecasts
Thailand’s exports rose 11% YoY in July, beating the 9.6% forecast but easing from June’s 15.5%. Shipments to the U.S. and China surged 31.4% and 23.1%, respectively. The Commerce Ministry maintained its 2–3% export growth target, citing upside potential. Imports grew 5.1%, resulting in a trade surplus of $0.32 billion.
Dollar fades after bounce; Fed pressure weighs
The 10-year government bond yield (interpolated) on the previous trading day was 1.323, -2.68 bps. The benchmark government bond yield (LB353A) was 1.302, -3.78 bps. Meantime, the latest closed US 10-year bond yields was 4.28, +2.0 bps. USDTHB on the previous trading day closed around 32.44, moving in a range of 32.39 – 32.47 this morning. USDTHB could be closed between 32.35 – 32.55 today. The dollar bounced back, retracing much of Friday’s dovish Powell-induced losses in a quiet session ahead of key risk events including Nvidia earnings, core PCE, and Q2 GDP. The euro traded heavy, tracking the stronger dollar and lacking support from the bloc, with German Ifo data offering little directional impulse. The British pound softened in holiday-thinned flows, with London desks offline for the UK public holiday. Meanwhile, the Japanese yen slipped, with USD/JPY grinding higher as the dollar firmed during US hours, unwinding more of its Jackson Hole pullback. Nonetheless, FX price action turned on Trump’s removal of Fed Governor Cook in this Asian session morning.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
