- USDTHB : moving in the range 33.60 – 33.70 this morning, supporting level of USDTHB is around 33.50 resistance level is around 33.70, 34.00
- SET Index: 1,678.0 (+0.00%), 23 Mar 2022
- S&P 500 Index: 4,456.2 (-1.23%), 23 Mar 2022
- Thai 10-year government bond yield (interpolated) : 2.40% (+2.70 bps), 23 Mar 2022
- US 10-year treasury yield: 2.32 (-6.00bps), 23 Mar 2022
- UK inflation hits 30-year high of 6.2%, beyond expectation
- Japan's March factory activity up, Ukraine crisis weighs on outlook
- Putin wants 'unfriendly' countries to pay for Russian gas in rubles
- Dollar climbs, euro dips, as Biden brings sanctions plan to Europe
UK inflation hits 30-year high of 6.2%, beyond expectation
British inflation shot up faster than expected last month to hit a new 30-year high, worsening a historic squeeze on household finances that finance minister Rishi Sunak is under pressure to ease in a budget update later on Wednesday. The Office for National Statistics said consumer prices rose by 6.2% year-on-year in February after a 5.5% rise in January, its highest rate since March 1992. Britain now has the second-highest annual inflation rate among Group of Seven countries, behind only the United States as global commodity and energy prices soar, exacerbated by Russia's invasion of Ukraine.
Japan's March factory activity up, Ukraine crisis weighs on outlook
Japan's manufacturing activity sped up in March from the prior month as a reduction in COVID-19 cases in the country helped lift orders and production, however, surging input prices and Russia's war in Ukraine clouded the outlook. Activity in the services sector, which has been battered by the pandemic, contracted for the third straight month, but the pace of decline slowed. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 53.2 in March from a final 52.7 in the previous month. The survey showed output rebounded from a contraction in the previous month, while activity in new orders posted an expansion, albeit at its slowest rate in six months.
Putin wants 'unfriendly' countries to pay for Russian gas in rubles
Russia will seek payment in rubles for gas sold to "unfriendly" countries, President Vladimir Putin said on Wednesday, and European gas prices soared on concerns the move would exacerbate the region's energy crunch. European nations and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24. But Europe depends heavily on Russian gas for heating and power generation, and the European Union is split on whether to sanction Russia's energy sector. The ruble briefly leapt after the shock announcement to a three-week high past 95 against the dollar. It pared gains but stayed well below 100, closing at 97.7 against the dollar, down more than 22% since Feb. 24.
Dollar climbs, euro dips, as Biden brings sanctions plan to Europe
The 10-year government bond yield (interpolated) on the previous trading day was 2.40, +2.70 bps. The benchmark government bond yield (LB31DA) was 2.36, +1.00 bps. LB31DA could be between 2.30-2.38. Meantime, the latest closed US 10-year bond yields was 2.32%, -6.00bps. USDTHB on the previous trading day closed around 33.54 Moving in a range from 33.60-33.70 this morning. USDTHB could be closed between 33.50-33.80 today. The dollar climbed on Wednesday while the euro weakened as oil prices shot higher again with U.S. President Joe Biden poised to announce, alongside European leaders, new sanctions against Russia during his trip to Europe.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
