- USDTHB: moving in the range 31.32 – 31.40 this morning, supportive level at 31.30 resistance level at 31.50
- SET Index: 1,331.07 (-0.58%), 29 Jan 2026
- S&P 500 Index: 6,969.0 (-0.13%), 29 Jan 2026
- Thai 10-year government bond yield (interpolated): 1.964 (+4.01 bps), 29 Jan 2026
- US 10-year treasury yield: 4.24 (-2.0 bps), 29 Jan 2026
- Trump, Democrats reach tentative deal to avert shutdown
- US Treasury tightens currency monitoring, finds no manipulation
- Initial Jobless Claims dip slightly, but remain above forecast
- Tokyo CPI inflation falls to near 4-year low in January
- Thai MPI rebounds in December, recovery still uneven
- Dollar weaker after mixed performance and US data
Trump, Democrats reach tentative deal to avert shutdown
President Trump and Senate Democrats have reached a tentative deal to avert a US government shutdown, with the agreement extending Homeland Security funding for two weeks to allow further talks on immigration limits. Trump urged bipartisan support, and the Senate could vote as soon as Thursday, though the House’s absence may still trigger a brief, low-impact shutdown.
US Treasury tightens currency monitoring, finds no manipulation
The US Treasury said it is tightening scrutiny of foreign exchange practices, including efforts to resist currency depreciation, but found no major trading partner guilty of manipulation in its latest report. Thailand was added to the monitoring list, which now includes 10 countries, while China, Japan, South Korea, Taiwan, Singapore, Vietnam, Germany, Ireland and Switzerland remain under review.
Initial Jobless Claims dip slightly, but remain above forecast
Initial jobless claims (w/e Jan 24) were broadly unchanged w/w, edging down to 209k from 210k but above the 205k consensus, lifting the 4-week average to 206.25k from 204k. Continuing claims (w/e Jan 17) fell to 1.827mln from 1.840mln, below expectations of 1.860mln.
Tokyo CPI inflation falls to near 4-year low in January
Tokyo CPI inflation fell sharply in January, with headline inflation easing to 1.5% from 2.0%, its weakest reading since February 2022. Core inflation undershot expectations but remained above the BoJ’s 2% target, keeping the prospect of future rate hikes in focus.
Thai MPI rebounds in December, recovery still uneven
The Thai Manufacturing Production Index (MPI) stood at 93.27 in December 2025, expanding by 2.52% YoY and 2.60% MoM, signaling a short-term recovery in the industrial sector. This improvement was driven mainly by higher automobile production.
Dollar weaker after mixed performance and US data
The 10-year government bond yield (interpolated) on the previous trading day was 1.964, +4.01 bps. The benchmark government bond yield (LB365A) was 1.98, +5.00 bps. Meantime, the latest closed US 10-year bond yields was 4.24, -2.0 bps. USDTHB on the previous trading day closed around 31.10, moving in a range of 31.32 – 31.40 this morning. USDTHB could be closed between 31.30 – 31.50 today. The dollar traded mixed on Thursday amid a swift move into risk-off after the US cash open, initially drawing support from a tech-led equity selloff. That strength faded as US equities rebounded, with the dollar giving back gains particularly against CAD and safe havens (JPY, CHF). US data did little to shift Fed expectations, while focus turns to a potentially softer Q4 GDP print following November’s wider trade deficit. The euro edged slightly higher but stayed below 1.2000, the British pound was flat despite news of a UK whisky tariff cut in China, and the Japanese yen firmed modestly, with USD/JPY briefly slipping below 153.00 as risk sentiment softened ahead of overnight data.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
