- USDTHB : moving in the range 33.15 – 33.25 this morning, supporting level of USDTHB is around 33.00 resistance level is around 33.30
- SET Index: 1,681.8 (+0.83%), 17 Mar 2022
- S&P 500 Index: 4,411. (+1.23%), 17 Mar 2022
- Thai 10-year government bond yield (interpolated) : 2.29% (-5.10 bps), 17 Mar 2022
- US 10-year treasury yield: 2.20 (+1.00bps), 17 Mar 2022
- Bank of England hikes rates again but shows unease over outlook
- BOJ keeps policy steady, warns of uncertainty over Ukraine crisis fallout
- Oil surges 8% amid warnings of Russian supply shortages
- Dollar Up, but Near One-Week Low, as Fed Decision Impact Continues
Bank of England hikes rates again but shows unease over outlook
The Bank of England raised interest rates again on Thursday in a bid to stop fast-rising inflation becoming entrenched, but it softened its language on the need for more increases as households face a huge hit from soaring energy bills. Eight of the nine Monetary Policy Committee (MPC) members voted to raise Bank Rate to 0.75% from 0.5%, taking the benchmark for UK borrowing costs back to its pre-pandemic level. Reflecting these worries about the outlook for growth, policymakers on Thursday pushed back against investors' bets that Bank Rate will rise sharply to around 2% by the end of this year, toning down its language on the need for more hikes.
BOJ keeps policy steady, warns of uncertainty over Ukraine crisis fallout
The Bank of Japan maintained its massive stimulus on Friday and warned of "very high uncertainty" over the economic fallout from the Ukraine crisis, signaling its resolve to keep monetary policy ultra-loose for the time being. As widely expected, the central bank kept unchanged its short-term interest rate target at -0.1% and a pledge to guide the 10-year government bond yield around 0%. The decision was made by a 8-1 vote. "Japan's economy is picking up as a trend," though the central bank must be vigilant to the fallout from the war in Ukraine, which is destabilising markets and sharply pushing up raw material costs, the BOJ said in a statement.
Oil surges 8% amid warnings of Russian supply shortages
Oil prices climbed 8% on Thursday, extending a series of wild daily swings, as the market rebounded from several days of losses with a renewed focus on supply shortages in coming weeks due to sanctions on Russia. Oil benchmarks in recent weeks have undergone their most volatile period since mid-2020. After sliding as buyers cashed in on the run-up, prices resurged on expectations that shortages will soon squeeze the energy market.
Dollar Up, but Near One-Week Low, as Fed Decision Impact Continues
The 10-year government bond yield (interpolated) on the previous trading day was 2.29, -5.10 bps. The benchmark government bond yield (LB31DA) was 2.27, -5.00 bps. LB31DA could be between 2.24-2.32. Meantime, the latest closed US 10-year bond yields was 2.20%, +1.00bps. USDTHB on the previous trading day closed around 33.25 Moving in a range from 33.15-33.25 this morning. USDTHB could be closed between 33.00-33.30 today. The dollar was up on Friday morning in Asia but was set for its first down week in six and remained near a one-week low, as the impact of the U.S. Federal Reserve’s latest policy decision continues.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
