- USDTHB: moving in the range 31.985-32.02 this morning, supportive level at 31.90 resistance level at 32.20
- SET Index: 1,277.6 (+0.08%), 2 Dec 2025
- S&P 500 Index: 6,829.4 (+0.25%), 2 Dec 2025
- Thai 10-year government bond yield (interpolated): 1.724 (-1.28 bps), 2 Dec 2025
- US 10-year treasury yield: 4.09 (+0.0 bps), 2 Dec 2025
- Trump eyes early-2026 Fed Chair pick, floats Hassett
- Euro-Zone inflation ticks up, supporting ECB hold
- OECD says global economy resilient to tariffs
- Thailand tourist arrivals down 7.25% in Jan–Nov 2025
- Dollar mostly steady in quiet market
Trump eyes early-2026 Fed Chair pick, floats Hassett
President Trump said he will announce his Fed Chair choice in early 2026, noting that even JPMorgan’s Dimon believes Powell should cut rates and reiterating that Treasury Secretary Bessent does not want the role. He later added that the field of candidates has been narrowed from ten to one and referred to NEC Director Hassett as a potential pick.
Euro-Zone inflation ticks up, supporting ECB hold
Euro-area inflation ticked higher, reinforcing the ECB’s stance that there’s little justification for additional rate cuts. Headline CPI rose to 2.2% in November from 2.1% in October, slightly above expectations, while core inflation remained at 2.4% and services prices moved up. Still, the trend varied across member states: inflation accelerated in Germany, stayed unchanged in France, and eased in both Spain and Italy, reflecting differing economic conditions and base effects.
OECD says global economy resilient to tariffs
The OECD said the global economy is coping with Trump’s trade tariffs better than expected, supported by strong AI investment and accommodative fiscal and monetary policies. It raised growth forecasts for the US and euro area this year and next, but still expects global growth to slow to 2.9% in 2026 from 3.2% in 2025. The organization warned the outlook remains “fragile” and subject to significant risks from sudden trade shifts and potential tech-sector price corrections.
Thailand tourist arrivals down 7.25% in Jan–Nov 2025
Thailand welcomed 29.6 million foreign visitors between January 1 and November 30, a 7.25% drop from the same period a year earlier. Malaysia was the leading source of arrivals with 4.18 million travelers, followed by China, which sent about 4.1 million tourists.
Dollar mostly steady in quiet market
The 10-year government bond yield (interpolated) on the previous trading day was 1.724, -1.28 bps. The benchmark government bond yield (LB353A) was 1.715, -2.08 bps. Meantime, the latest closed US 10-year bond yields was 4.09, +0.0 bps. USDTHB on the previous trading day closed around 32.02, moving in a range of 31.985 – 32.02 this morning. USDTHB could be closed between 31.90 – 32.20 today. The dollar Index remained largely flat as the currency struggled to find direction in a quiet market lacking economic data or Fed commentary. Attention centered on US President Trump, who, after initially suggesting over the weekend that he had chosen a Fed Chair, now says he will announce the pick in early 2026 rather than by year-end. The delay briefly boosted the dollar, perhaps fueling speculation that the favored choice—NEC Director Hassett, seen as dovish—might not be a sure thing. Trump later confirmed the selection has been narrowed to one candidate and referred to Hassett as a “potential Fed Chair,” pushing the dollar lower. Markets still expect a third consecutive 25bps Fed rate cut in December, with only about a 20% chance of another cut in January. The euro posted modest gains after bouncing back from a brief dip below 1.1600, with mixed inflation data doing little to shift rate expectations. Meanwhile, the Japanese yen gave back part of the prior day’s post-Ueda speech gains, briefly weakening toward 156.00 as risk appetite improved.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
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