- USDTHB: remaining steady this morning, supportive level at 31.00 resistance level at 31.20
- SET Index: 1,275.3 (+0.33%), 24 Dec 2025
- S&P 500 Index: 6,932.1 (+0.3%), 24 Dec 2025
- Thai 10-year government bond yield (interpolated): 1.705 (+1.30 bps), 24 Dec 2025
- US 10-year treasury yield: 4.15 (-3.0 bps), 24 Dec 2025
- US initial jobless claims drop, beating forecasts
- Former BOJ member calls for careful rate policy to support growth
- PBOC signals steady support with focus on long-term growth
- Won rallies as Korea pledges strong action on currency
- Thailand prepares demands ahead of Cambodia border talks
- Dollar posts 2 month low but then recovers
US initial jobless claims drop, beating forecasts
US jobless claims fell last week, reflecting typical seasonal volatility around the holidays. Initial claims declined in the week ended December 20, coming in below expectations, while continuing claims rose, rebounding from a sharp drop late last month.
Former BOJ member calls for careful rate policy to support growth
Former Bank of Japan board member Yutaka Harada said the government should deploy fiscal, monetary, and tax policies to boost demand and foster a “high-pressure” economy. He urged the BOJ to proceed cautiously with interest-rate increases, warning that moving too quickly could result in excessive tightening and that further hikes may do little to address cost-driven inflation. Harada also raised concerns about tax bracket creep, noting that brackets need to be adjusted as inflation lifts nominal incomes, since many households are paying more tax without seeing real income gains.
PBOC signals steady support with focus on long-term growth
China’s central bank reiterated its commitment to a supportive monetary policy while maintaining a cautious approach to aggressive stimulus. The People’s Bank of China plans to keep borrowing costs low and enhance “cross-cyclical” measures. Policy actions will be calibrated carefully in terms of strength, timing, and pace, taking into account changing domestic and global conditions. In a separate report, Beijing is easing home-purchase rules for non-residents and allowing larger families to buy an extra property within the Fifth Ring Road to support a sluggish housing market.
Won rallies as Korea pledges strong action on currency
South Korea’s won strengthened after authorities warned that excessive currency weakness is undesirable and pledged a “strong determination” in the foreign-exchange market. The finance ministry unveiled new tax measures to support market stability, while the National Pension Service began “strategic” currency hedging.
Thailand prepares demands ahead of Cambodia border talks
Thailand’s military said ceasefire talks with Cambodia are expected to conclude with a defense ministers’ meeting on December 27. The discussions will cover issues including the use of anti-personnel landmines and historical sites for military purposes. This marks the first bilateral dialogue since clashes erupted on December 7.
Dollar posts 2 month low but then recovers
The 10-year government bond yield (interpolated) on the previous trading day was 1.705, +1.30 bps. The benchmark government bond yield (LB353A) was 1.663, +0.39 bps. Meantime, the latest closed US 10-year bond yields was 4.15, -3.0 bps. USDTHB on the previous trading day closed around 31.06, remaining steady this morning. USDTHB could be closed between 31.00 – 31.20 today. The dollar index briefly touched a two-month low before rebounding and is now little changed on the session. The greenback remains under pressure despite a stronger-than-expected US GDP report on Tuesday and diminishing expectations for Federal Reserve rate cuts. Among G10 currencies, the Japanese yen has strengthened this week following verbal intervention.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
