- USDTHB : moving in the range 32.67 – 32.77 this morning, USD has been strengthen as Russia-Ukraine tension escalates, Fed hike may likely drive USDTHB up in medium term, supporting level of USDTHB is around 32.30, 32.45, resistance level is around 32.85, 33.00
- SET Index: 1,679.9 (+1.03%), 25 Feb 2022
- S&P 500 Index: 4,384.7 (+2.21%), 25 Feb 2022
- Thai 10-year government bond yield (interpolated) : 2.20% (-1.00 bps), 25 Feb 2022
- US 10-year treasury yield: 1.97 (+1.00bps), 25 Feb 2022
- Fed warns of wage pressures as data shows inflation still rising
- Don't go back on quicker taper plans, ECB policymakers say
- Cutting Russia off from SWIFT a "matter of days" -euro zone central banker
- Rouble plunges to record low, dollar holds firm as West bolsters Russia sanctions
Fed warns of wage pressures as data shows inflation still rising
The Federal Reserve's preferred measure of inflation rose again in January and a new report from the central bank warned that price pressures could persist unless a shortage of available workers begins to ease. Policymakers will have to weigh one fresh and unanticipated set of risks in their discussion: The Russian military invasion of Ukraine could roil the economic outlook in unpredictable ways, and potentially undermine global growth and financial markets. But Fed officials say that's unlikely to shift their immediate plans to begin tightening monetary policy in response to higher inflation. The personal consumption expenditures price index rose at a 6.1% annual rate through January, its highest since 1982 and more than triple the 2% inflation rate the Fed has set as its target for the U.S. economy.
Don't go back on quicker taper plans, ECB policymakers say
ECB policymakers remain open to accelerating their exit from bond buys even as the war in Ukraine raises uncertainty, and their biggest debate may be whether to put a firm end-date on the stimulus scheme. With inflation pressures building faster than expected, the ECB had been all but certain to signal the end of bond purchases at its March 10 meeting. Six sources close to the discussion say that a faster exit is still necessary as inflation could be around double the ECB's 2% target this year, with even medium term inflation at risk of overshooting. "Inflation is higher and broader. And it's no longer just energy, but food prices, too," one of the sources told Reuters. "It would be inappropriate not to act on this."
Cutting Russia off from SWIFT a "matter of days" -euro zone central banker
A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone told Reuters on Saturday. "SWIFT is just a matter of time, very short time, days," the central bank governor, who asked not to be named, said. "Is it sufficient? No. Is it necessary? Absolutely. Sanctions only make sense if there are costs for both sides and this will be costly," the central banker added.
Rouble plunges to record low, dollar holds firm as West bolsters Russia sanctions
The 10-year government bond yield (interpolated) on the previous trading day was 2.20, -1.00 bps. The benchmark government bond yield (LB31DA) was 2.15, -2.00 bps. LB31DA could be between 2.12-2.18. Meantime, the latest closed US 10-year bond yields was 1.97%, +1.00bps. USDTHB on the previous trading day closed around 32.53 Moving in a range from 32.67-32.77 this morning. USDTHB could be closed between 32.70-32.82 today. Meantime, The rouble plunged to an all-time low on Monday, and the dollar soared against nearly all peers after Western nations announced fresh sanctions to punish Russia for its invasion of Ukraine, and Vladimir Putin put nuclear-armed forces on high alert.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
