- USDTHB: moving in the range 32.47-32.59 this morning, supportive level at 32.40 resistance level at 32.65
- SET Index: 1,291.5 (+0.37%), 16 Oct 2025
- S&P 500 Index: 6,629.1 (-0.63%), 16 Oct 2025
- Thai 10-year government bond yield (interpolated): 1.602 (+6.31 bps), 16 Oct 2025
- US 10-year treasury yield: 3.99 (-6.0 bps), 16 Oct 2025
- Regional banks spark risk-off sentiment amid rising concerns
- Philadelphia Fed manufacturing index shows unexpected downturn
- BOJ’s Ueda keeps door open for rate hike as decision nears
- French PM survives no-confidence votes with pension concession
- UK economy grows modestly in August
- Dollar pressured amid US regional bank jitters
Regional banks spark risk-off sentiment amid rising concerns
US regional banks came under renewed pressure after Western Alliance and Zions Bancorp disclosed exposure to fraudulent bad loans, intensifying concerns already heightened by the collapses of Tricolor and First Brands.
Philadelphia Fed manufacturing index shows unexpected downturn
The Philadelphia Fed’s manufacturing survey showed mixed signals. The headline index plunged to –12.8 from +23.2, missing forecasts and erasing last month’s gains. Still, new orders rose, shipments stayed positive, and capex strengthened. Employment eased slightly but remained positive, while prices paid and received climbed. The six-month outlook improved to 36.2, pointing to expectations of stronger growth ahead despite current softness.
BOJ’s Ueda keeps door open for rate hike as decision nears
Bank of Japan Governor Kazuo Ueda indicated that the bank will continue tightening if confidence in achieving its economic outlook strengthens. Meanwhile, hawkish BoJ’s Tamura said the BoJ should push rates closer towards levels deemed neutral, but does not need to raise rates sharply or tighten monetary policy now, given both upside and downside risks.
French PM survives no-confidence votes with pension concession
French Prime Minister Sebastien Lecornu survived two no-confidence votes in parliament, securing key support from the Socialist Party by pledging to suspend President Macron’s controversial pension reform. The motions, from the hard-left France Unbowed and far-right National Rally, fell short with 271 and 144 votes against the required 289.
UK economy grows modestly in August
The UK economy showed modest growth in August, with manufacturing rebounding 0.7% offsetting stagnant services and a shrinking construction sector. GDP rose 0.1% after a 0.1% decline in July, matching economist forecasts. This improvement sets Britain on track for growth in Q3, providing a slight boost for Chancellor Rachel Reeves ahead of a challenging budget expected on November 26, as businesses and consumers prepare for further tax hikes.
Dollar pressured amid US regional bank jitters
The 10-year government bond yield (interpolated) on the previous trading day was 1.602, +6.31 bps. The benchmark government bond yield (LB353A) was 1.589, +6.95 bps. Meantime, the latest closed US 10-year bond yields was 3.99, -6.0 bps. USDTHB on the previous trading day closed around 32.51, moving in a range of 32.47 – 32.59 this morning. USDTHB could be closed between 32.40 – 32.65 today. The dollar weakened as mounting concerns over US regional banks triggered a global risk-off move. Meanwhile, Fed commentary also weighed on the greenback, with Waller signaling that current data supports a 25bps cut in October while emphasizing data dependency for future moves, alongside a sharp drop in the Philly Fed Business Index into contraction. The euro advanced to just below 1.1700 amid dollar softness and remarks from ECB officials. The Japanese yen strengthened as safe-haven flows pushed USD/JPY below the 151.00 level.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
