- USDTHB: moving in the range 31.27 – 31.35 this morning, supportive level at 31.15 resistance level at 31.40
- SET Index: 1,317.6 (+1.62%), 21 Jan 2026
- S&P 500 Index: 6,875.6 (+1.16%), 21 Jan 2026
- Thai 10-year government bond yield (interpolated): 1.957 (+2.71 bps), 21 Jan 2026
- US 10-year treasury yield: 4.26 (-4.0 bps), 21 Jan 2026
- Trump–NATO talks ease trade tensions
- Court doubts Trump can fire Fed’s Cook
- UK CPI climbs to 3.4%, increase seen as transitory
- BI keeps rates steady as rupiah slides
- BoT to issue online gold trade rules by Jan. 29
- Dollar gains after Trump signals Greenland deal progress
Trump–NATO talks ease trade tensions
Trump abandoned consideration of military action against NATO allies to acquire Greenland, a move that helped restore some confidence in transatlantic relations. He also described his meeting with NATO’s Rutte as highly productive, noting that a framework for a future agreement has been established. As a result, the tariffs that were scheduled to take effect on February 1 have been put on hold. Meanwhile, the European Union is postponing its vote on ratifying the US trade agreement.
Court doubts Trump can fire Fed’s Cook
The Supreme Court seems doubtful about Trump’s effort to fire Federal Reserve Governor Lisa Cook and is unlikely to allow her removal while the case continues, reflecting concerns about protecting the Fed’s independence.
UK CPI climbs to 3.4%, increase seen as transitory
UK inflation rose for the first time in five months in December, with consumer prices up 3.4% year on year, driven by higher tobacco duties and air fares. Services inflation edged up to 4.5%, while the Bank of England expects inflation to move closer to its 2% target in the spring and has signaled it is nearing the end of its rate-cut cycle.
BI keeps rates steady as rupiah slides
Bank Indonesia kept its benchmark rate unchanged at 4.75% and emphasized its focus on currency stability. Governor Perry Warjiyo said the central bank would intensify interventions to stabilize—and potentially strengthen—the rupiah, reassuring investors that monetary policy will prioritize currency stability despite political concerns.
BoT to issue online gold trade rules by Jan. 29
According to Governor Vitai Ratanakorn, the Bank of Thailand will introduce new regulations by Jan. 29 to curb baht appreciation by tightening oversight of baht-denominated online gold trading. The measures include reporting requirements for large transactions and daily trading limits on online platforms, while excluding dollar-denominated and physical gold trade. Meanwhile, Thai officials raised alarm over the baht’s rise to a five-year high, with the finance minister calling it a “very big concern.”
Dollar gains after Trump signals Greenland deal progress
The 10-year government bond yield (interpolated) on the previous trading day was 1.957, +2.71 bps. The benchmark government bond yield (LB365A) was 1.96, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.26, -4.0 bps. USDTHB on the previous trading day closed around 31.04, moving in a range of 31.27 – 31.35 this morning. USDTHB could be closed between 31.15 – 31.40 today. The dollar strengthened after President Trump announced a framework deal on Greenland with NATO’s Rutte, prompting the cancellation of planned EU tariffs and easing transatlantic tensions. The euro and Swiss franc pared gains as geopolitical risks moderated, though uncertainty persists after Denmark rejected the proposal. Meanwhile the Japanese yen and British pound edged lower, with sterling briefly pressured by December CPI data.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
