Khaosod runs a source report noting that Nattapong Ruangpanyawut, ex Deputy Secretary General of the Move Forward Party (MFP), has been selected to become the leader of the MFP's successor party, with Thairath noting that he defeated Sirikanya Tansakul during an internal vote held Thursday afternoon. An official announcement of the new party's name and leader is expected during a press conference around noon on Friday.
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Treasury futures pare losses slightly (TYU4 110-12, -7) after $58B 3Y note auction (91282CKZ3) strops .6bp through: 4.399% high yield vs. 4.405% WI; 2.67x bid-to-cover vs. 2.43x prior.
A bullish theme in EURUSD remains in play and price continues to trade closer to its recent highs. The breach last week of the 50-day EMA, undermines the recent bearish theme and instead signals scope for an extension with the focus on 1.0852 next, the Jun 12 high. For bears, a resumption of weakness would refocus attention on the key support at 1.0666, Jun 26 low. Initial support to watch lies at 1.0769, the 20-day EMA.