- USDTHB: moving in the range 30.88 – 31.00 this morning, supportive level at 30.70 resistance level at 31.00
- SET Index: 1,334.5 (+2.07%), 27 Jan 2026
- S&P 500 Index: 6,978.6 (+0.41%), 27 Jan 2026
- Thai 10-year government bond yield (interpolated): 1.920 (-0.05 bps), 27 Jan 2026
- US 10-year treasury yield: 4.24 (+2.0 bps), 27 Jan 2026
- Trump is unconcerned by dollar weakness
- US consumer confidence plummets to lowest level since 2014
- EU and India finalize landmark trade deal
- China’s industrial profits rise for first time since 2021
- Thai finance ministry cuts 2025 growth estimate to 2.2%
- Dollar hits lowest since 2022 on Trump comments
Trump is unconcerned by dollar weakness
US President Trump said he does not believe the dollar has weakened excessively, adding that it is performing well and that its value remains strong. He also remarked that countries such as China and Japan have long sought to devalue their currencies. Trump went on to say the dollar is finding its own fair level and suggested it can move higher or lower, likening its fluctuations to a yo-yo.
US consumer confidence plummets to lowest level since 2014
US consumer confidence fell sharply in January to its lowest level in more than a decade, reflecting increased pessimism about the economy and labor market. The Conference Board’s index dropped to 84.5 from a revised 94.2 in December, the weakest reading since May 2014 and below all forecasts. Expectations for the next six months fell to the lowest since April, while present conditions sank to a nearly five-year low, diverging from recent gains in the University of Michigan’s sentiment survey.
EU and India finalize landmark trade deal
The European Union and India have concluded a free-trade agreement after nearly two decades, creating a free-trade zone that will cut tariffs on most goods, boost EU exports to India, enhance India’s competitiveness in labor-intensive sectors, and deepen cooperation in services and defense.
China’s industrial profits rise for first time since 2021
China’s industrial enterprises posted their first annual profit growth since 2021, with profits rising 0.6% for the full year after a 5.3% jump in December. The rebound was led by equipment manufacturing, which accounted for nearly 40% of total earnings, signaling improving financial health across the industrial sector.
Thai finance ministry cuts 2025 growth estimate to 2.2%
Thailand’s Finance Ministry lowered last year’s growth estimate to 2.2% and kept its 2026 forecast at 2%, warning that headwinds including US trade policies, a stronger baht and weak domestic demand will slow the economy.
Dollar hits lowest since 2022 on Trump comments
The 10-year government bond yield (interpolated) on the previous trading day was 1.920, -0.05 bps. The benchmark government bond yield (LB365A) was 1.92, -1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.24, +2.0 bps. USDTHB on the previous trading day closed around 31.15, moving in a range of 30.88 – 31.00 this morning. USDTHB could be closed between 30.70 – 31.00 today. The dollar weakened amid the ongoing de-dollarisation narrative, with downside pressure compounded by soft US Consumer Confidence data and further exacerbated after President Trump downplayed the dollar’s decline. Against this backdrop, the euro benefitted from the greenback’s demise, reclaiming the 1.2000 handle despite several ECB speakers offering little in the way of fresh impetus. The British pound also advanced, rising to its highest level in more than four years with GBP/USD pushing above 1.3800, supported by broad USD weakness and a lack of meaningful UK newsflow. Meanwhile, the Japanese yen strengthened as major USD counterparts were buoyed by President Trump’s FX-related rhetoric.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
