- USDTHB: moving in the range 31.585 – 31.655 this morning, supportive level at 31.50 resistance level at 31.80
- SET Index: 1,254.0 (-0.42%), 29 Dec 2025
- S&P 500 Index: 6,905.7 (-0.35%), 29 Dec 2025
- Thai 10-year government bond yield (interpolated): 1.693 (-0.25 bps), 29 Dec 2025
- US 10-year treasury yield: 4.12 (-2.0 bps), 29 Dec 2025
- Trump threatens to sue Fed Chair Powell over renovation
- US pending-home sales reach highest level since early 2023
- China to lower import tariffs on batteries, medical products
- Thailand’s MPI unexpectedly falls in November
- Thailand orders banks to report large foreign currency transactions
- FX market steady as year-end trading remains thin
Trump threatens to sue Fed Chair Powell over renovation
US President Donald Trump on Monday renewed his threat to sue Federal Reserve Chair Jerome Powell, accusing him of “gross incompetence” over the renovation of the Fed’s Washington headquarters. Speaking in Florida, Trump said he would announce his pick for the next Fed chair in January, as Powell’s term nears its end and criticism of his leadership intensifies.
US pending-home sales reach highest level since early 2023
Pending sales of US existing homes rose more than expected in November, supported by modestly lower prices and mortgage rates. Contract signings increased 3.3% to 79.2, the highest level since February 2023. The data suggest a gradual housing market recovery through 2026, with mortgage rates stabilizing around 6.3%–6.4% and home price growth slowing significantly from last year.
China to lower import tariffs on batteries, medical products
China announced tariff cuts effective in 2026 on 935 products, including lower duties on resource-based commodities such as recycled black powder for lithium-ion batteries and select medical goods like artificial blood vessels and diagnostic kits. The provisional rates will be set below China’s standard WTO most-favoured-nation tariffs.
Thailand’s MPI unexpectedly falls in November
Thailand’s manufacturing production index unexpectedly fell 4.24% year on year in November, hit by lower petroleum output, a strong baht, and a border conflict with Cambodia. The decline contrasted with a forecast 0.8% increase and followed a revised 0.04% rise in October. Output was down 1.09% in the first 11 months of 2025. The industry ministry maintained its outlook, projecting factory output to fall 0.75% this year before growing 1%–2% in 2026.
Thailand orders banks to report large foreign currency transactions
The Bank of Thailand has ordered banks to report foreign currency transactions of $200,000 or more to curb the baht’s persistent rise, which is affecting exports and tourism. Effective Dec. 29, banks must verify sales abroad for gold-related transactions and submit documentation either on the trade date or the next business day, with billing and customs documents required within two business days of settlement.
FX market steady as year-end trading remains thin
The 10-year government bond yield (interpolated) on the previous trading day was 1.693, -0.25 bps. The benchmark government bond yield (LB353A) was 1.635, -2.01 bps. Meantime, the latest closed US 10-year bond yields was 4.12, -2.0 bps. USDTHB on the previous trading day closed around 31.24, moving in a range of 31.585 – 31.655 this morning. USDTHB could be closed between 31.50 – 31.80 today. Most major FX pairs were largely unchanged on Monday amid thin year-end trading and subdued volumes, with the US dollar index holding steady overnight. In contrast, Thai baht fell to a seven-month low, pressured by declining gold prices, profit-taking flows, and the Bank of Thailand’s new rule requiring financial institutions to report transactions exceeding $200,000.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
