- USDTHB : moving in the range 33.46 – 33.58 this morning, Expected USDTHB bullish to continue, supporting level 33.40, 33.28
- SET Index: 1,648.5 (-0.08%), 25 Nov 2021
- S&P 500 Index: 4,701.5 (+0.23%), 24 Nov 2021
- Thai 10-year government bond yield (interpolated) : 1.97% (+1.00 bps), 25 Nov 2021
- US 10-year treasury yield: 1.64% (-3.00bps), 24 Nov 2021
- Fed to kick off faster tapering plan from January - Goldman Sachs
- ECB must keep options open beyond Dec amid uncertainty: accounts
- BOJ's Nakagawa says 2% price goal isn't sole purpose of BOJ policy – Bloomberg
- Dollar Down, but Caps Losses as Newly Discovered COVID Strain Dampens Sentiment
Fed to kick off faster tapering plan from January - Goldman Sachs
The U.S. Federal Reserve will likely double the pace of tapering its monthly bond purchases from January to $30 billion, and wind down its pandemic-era bond buying scheme by mid-March, according to Goldman Sachs. "The increased openness to accelerating the taper pace likely reflects both somewhat higher-than-expected inflation over the last two months and greater comfort among Fed officials that a faster pace would not shock financial markets," Jan Hatzius said in a client note. Despite the accelerated tapering calendar, Goldman expects the Fed to start raising interest rates only from June for a total of three times in 2022.
ECB must keep options open beyond Dec amid uncertainty: accounts
The European Central Bank must keep its policy options open beyond a crucial meeting in December as uncertainty over the likely evolution of inflation is exceptionally high, according to ECB. High inflation is still largely seen as temporary but the current "hump" in prices will be more durable than once thought, raising the risk that wages will start to adjust and keep price growth elevated, the accounts showed. "It was seen as important that the Governing Council should keep sufficient optionality to allow for future monetary policy actions, including beyond its December meeting," the ECB said in the accounts. The comments appear to echo calls by conservative policymakers such as Jens Weidmann and Klaas Knot that the ECB avoid an extensive commitment beyond December.
BOJ's Nakagawa says 2% price goal isn't sole purpose of BOJ policy – Bloomberg
Achieving 2% inflation is not the sole purpose of the Bank of Japan's monetary policy as price moves could fluctuate around that level from time to time, according to its board member Junko Nakagawa. While consumer inflation is hovering around zero, upward pressure is building partly due to the effect of rising oil and food costs, Nakagawa was quoted as saying. The BOJ, however, will maintain its ultra-loose monetary policy to achieve its 2% price goal, she added. Nakagawa said there were benefits and drawbacks of a weak yen on Japan's economy, as it boosts exporters' profits but pushes up import costs for companies operating domestically, according to Bloomberg.
Dollar Down, but Caps Losses as Newly Discovered COVID Strain Dampens Sentiment
The 10-year government bond yield (interpolated) on the previous trading day was 1.97, +1.00 bps. The benchmark government bond yield (LB31DA, 10.1 years) was 1.98, +0.00 bps. LB31DA could be between 1.96-2.00. Meantime, the latest closed US 10-year bond yields was 1.64%, -3.00bps. USDTHB on the previous trading day closed around 33.37 Moving in a range from 33.46-33.58 this morning. USDTHB could be closed between 33.50-33.60 today. Meantime, The dollar was down on Friday morning in Asia. But losses were minimized as growing concerns about a newly discovered COVID-19 variant dampened investors’ risk appetite.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
