- USDTHB: moving in the range 33.54 – 33.57 this morning, supportive level at 33.45 resistance level at 33.65
- SET Index: 1,594.3 (-0.50%), 29 Sep 2026
- S&P 500 Index: 7,670.8 (-0.17%), 29 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.417 (+0.96 bps), 29 Sep 2026
- US 10-year treasury yield: 5.26 (+2.00 bps), 29 Sep 2026
- U.S. labor market remains resilient despite softer labor demand in August
- Eurozone economic confidence weakened in September
- RBA hikes key rate to 4.6%, marking 15-year high, more rate hikes possible
- Japan Coincident Index firmed at highest since 2018
- Thailand approves THB 1.26 trillion borrowing, despite tightening debt headroom
- Dollar remains traded at a firm bias, 10Y treasury yield continued to climb
U.S. labor market remains resilient despite softer labor demand in August
The department's Job Openings and Labor Turnover Survey (JOLTS) showed that the U.S. job openings slid to 7.08 million in August, well below the market expectation, compared to a revised up to 7.34 million in July, which marked a little change in all industries. However, labor market conditions remained broadly healthy as hires increased slightly to 5.2 million, and total separations held steady at 5.1 million. Within separations, quits were unchanged at 3.1 million, suggesting workers remain confident enough to switch jobs, while layoffs and discharges eased to 1.6 million from 1.7 million, indicating limited signs of labor market stress.
Eurozone economic confidence weakened in September
The Economic Sentiment Indicator (ESI) fell to 97.9 in both the EU (-0.4 points) and the euro area (-0.5 points), driven mainly by weaker consumer confidence despite modest improvements in industry and construction. Labor market sentiment also softened, with the Employment Expectations Indicator (EEI) declining to 98.3 in the EU (-0.6 points) and 97.5 in the euro area (-1.3 points), suggesting firms are becoming more cautious about hiring. The deterioration in confidence comes even as recent business surveys point to resilient economic activity, highlighting the drag from elevated energy prices linked to the Iran conflict.
RBA hikes key rate to 4.6%, marking 15-year high, more rate hikes possible
The Reserve Bank of Australia (RBA) raised the cash rate by 25 bps from 4.35% to 4.60% on Tuesday - the highest level since November 2011. The bank said that the policy decision was "unanimous" and it is prepared to keep lifting rates if necessary to fight inflation, which has been evidence that inflation has been a bit more elevated. The current inflation rate is 3.5% while the RBA’s target is for consumer price inflation to remain between 2 to 3%. The RBA also said there could be further rate hikes to come as higher energy prices, AI-driven demand and spreading conflict in the Middle East pushed it to raise interest rates for the fourth time this year.
Japan Coincident Index firmed at highest since 2018
Japan’s coincident economic index remained at 120.6 in July 2026, in line with the flash estimate and the strongest reading since October 2018, pointing to sustained momentum in economic activity. The improvement reflects support from government initiatives to mitigate rising fuel and energy costs linked to geopolitical tensions in the Middle East, alongside a fiscal strategy aimed at balancing economic growth with long-term budget sustainability.
Thailand approves THB 1.26 trillion borrowing, despite tightening debt headroom
Thailand’s cabinet has approved THB 1.26 trillion (USD 37.5 billion) in new borrowing for fiscal year 2027, which begins in October. According to the Finance Ministry, the country’s public debt is projected to rise to 69.7% of GDP by September 2027, nearing the government’s statutory ceiling of 70%. With long-term bond yields remaining elevated, authorities intend to rely more heavily on short-term financing instruments, including treasury bills and term loans. Despite the higher yield environment, officials expect government financing costs to remain stable. The average cost of borrowing is currently around 2.6% and is projected to remain broadly unchanged in the coming fiscal year.
Dollar remains traded at a firm bias, 10Y treasury yield continued to climb
The 10-year government bond yield (interpolated) on the previous trading day was 2.417, +0.96 bps. The benchmark government bond yield (LB365A) was 2.362, +0.65 bps. Meantime, the latest closed US 10-year bond yields was 5.26, +2.00 bps. USDTHB on the previous trading day closed around 33.585 Moving in a range of 33.54-33.57 this morning. USDTHB could be closed between 33.45-33.65 today. The U.S. dollar held near a two-month high on Tuesday while AUD/USD slips on hawkish RBA ahead. Additionally, U.S. Treasury yields held near record highs above 5.2% after President Donald Trump's rejection of an Iranian ceasefire proposal aimed at unblocking the Strait of Hormuz, sharpening fears of a sustained cost-push inflation spike, strengthening expectations of further Fed tightening.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
