- USDTHB: moving in the range 32.615-32.65 this morning, supportive level at 32.50 resistance level at 32.75
- SET Index: 1,323.5 (+0.73%), 27 Oct 2025
- S&P 500 Index: 6,875.2 (+1.22%), 27 Oct 2025
- Thai 10-year government bond yield (interpolated): 1.719 (+0.33 bps), 27 Oct 2025
- US 10-year treasury yield: 4.01 (-1.0 bps), 27 Oct 2025
- Trump, Takaichi to discuss trade, security
- German business confidence hits 2022 high
- South Korea’s Q3 GDP hits 18-month high
- Thai exports soar 19% despite Trump tariffs
- Dollar opens the week on the back foot
Trump, Takaichi to discuss trade, security
US President Donald Trump meets Japan’s new Prime Minister Sanae Takaichi in Tokyo on Tuesday for talks on trade and security. The visit comes a week after Takaichi became Japan’s first female leader and vowed to accelerate defense buildup. She’s expected to present a $550 billion U.S. investment package, including shipbuilding cooperation, though no new defense spending pledges beyond the existing 2% of GDP target are anticipated.
German business confidence hits 2022 high
German business confidence hits highest since 2022, raising hopes of economic recovery. The Ifo business climate index rose to 88.4 in October from 87.7, beating forecasts of 88.0, while the expectations gauge climbed to 91.6 from 89.8. Firms remain optimistic about growth in the year ahead.
South Korea’s Q3 GDP hits 18-month high
South Korea’s economy expanded at its fastest pace in 18 months in the third quarter, driven by strong exports and resilient private consumption amid government stimulus. Preliminary central bank data showed GDP rising 1.2% from the previous quarter on a seasonally adjusted basis, beating expectations for 0.9% and accelerating from 0.7% growth in Q2. Year-on-year, the economy grew 1.7%, up from 0.6% in the prior quarter.
Thai exports soar 19% despite Trump tariffs
Thailand’s exports surged 19% year-on-year in September, the fastest growth since March 2022, beating expectations and defying US tariffs. Gold contributed significantly to the gain, adding 8.9 percentage points, while exports excluding gold rose 13.3%.The overall export surge was boosted by robust shipments of industrial goods, particularly jewelry and electronics, including computers, components, and phones. Meanwhile, exports to the US rebounded sharply, rising 35.3% year-on-year. Imports accelerated to 17.2% YoY from 15.8%, showing broad-based growth across most categories except oil-related products. This pushed Thailand to a $1.28B trade surplus in September, reversing August’s $1.96B deficit and well above the $199M forecast.
Dollar opens the week on the back foot
The 10-year government bond yield (interpolated) on the previous trading day was 1.719, +0.33 bps. The benchmark government bond yield (LB353A) was 1.699, +0.32 bps. Meantime, the latest closed US 10-year bond yields was 4.01, -1.0 bps. USDTHB on the previous trading day closed around 32.68, moving in a range of 32.615– 32.65 this morning. USDTHB could be closed between 32.50 – 32.75 today. The dollar started the week slightly weaker and mostly rangebound, as small gains in GBP and EUR were offset by losses in safe-haven currencies after trade news boosted market confidence. The dollar stayed quiet ahead of major central bank meetings, including the FOMC on Wednesday. The euro inched higher near 1.16, supported by upbeat German IFO data, while the British pound made small gains but stayed below 1.3350 after reports that the UK OBR may cut its productivity growth forecast, possibly hurting public finances by GBP 20 billion. The Japanese yen was flat, with USD/JPY moving around 153.00 as markets looked ahead to Tuesday’s meeting between US President Trump and Japanese PM Takaichi.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
