- USDTHB : moving in the range 35.00 – 35.25 this morning, supporting level of USDTHB is around 35.00 resistance level is around 35.30
- SET Index: 1,561.1 (-2.06%), 16 Jun 2022
- S&P 500 Index: 3,666.8 (-3.31%), 16 Jun 2022
- Thai 10-year government bond yield (interpolated) : 3.08% (-0.90bps), 16 Jun 2022
- US 10-year treasury yield: 3.28 (-5.00bps), 16 Jun 2022
- Bank of England boosts interest rate to 13-year high as inflation soars
- U.S. labor market appears to cool; homebuilding slumps as rates surge
- BOJ keeps ultra-low rates, dovish policy guidance
- Swiss franc soars after shock rate hike; pound rises
Bank of England boosts interest rate to 13-year high as inflation soars
The Bank of England raised interest rates for a fifth straight meeting, placing them at the highest in 13 years, and sent its strongest signal yet that it’s prepared to unleash larger moves if needed to tame inflation. The nine-member Monetary Policy Committee voted 6-3 to increase the benchmark lending rate by 25 basis points to 1.25 per cent. A minority of officials maintained their push for a move of double that size. The BoE added that any further rate rises will depend on the outlook for the economy, but warned that it "will be particularly alert to indications of more persistent inflationary pressures, and will if necessary act forcefully in response."
U.S. labor market appears to cool; homebuilding slumps as rates surge
The number of Americans filing new claims for unemployment benefits fell less than expected last week, suggesting some cooling in the labor market, though conditions remain tight.Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 229,000 for the week ended June 11. housing starts plunged 14.4% to a seasonally adjusted annual rate of 1.549 million units last month, the lowest level since April 2021. The 30-year fixed-rate mortgage jumped 55 basis points this week to a 13-1/2-year high of 5.78%
BOJ keeps ultra-low rates, dovish policy guidance
The Bank of Japan maintained its massive stimulus on Friday and its guidance to keep borrowing costs at "present or lower" levels, signaling its resolve to focus on supporting the economy's recovery from the COVID-19 pandemic. The central bank also said it would offer to buy unlimited amounts of 10-year Japanese government bonds (JGB) at 0.25% every business day, repeating the guidance on market operations it made in April. 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%.
Swiss franc soars after shock rate hike; pound rises
The 10-year government bond yield (interpolated) on the previous trading day was 3.08, -0.90 bps. The benchmark government bond yield (LB31DA) was 3.05, +0.00 bps. LB31DA could be between 3.00-3.10. Meantime, the latest closed US 10-year bond yields was 3.28%, -5.00bps. USDTHB on the previous trading day closed around 34.96 Moving in a range from 34.50-35.25 this morning. USDTHB could be closed between 35.10-35.30 today. The Swiss franc soared against the dollar and the euro on Thursday after the Swiss National Bank delivered a surprise interest rate hike, while the British pound rose after the Bank of England delivered a rate hike of its own.
Sources : ttb analytics , Bloomberg, CNBC, Investing, CEIC
