- USDTHB: moving in the range 32.52 – 32.56 this morning, supportive level at 32.40 resistance level at 32.70
- SET Index: 1,417.45 (-1.62%), 19 Mar 2026
- S&P 500 Index: 6,606.49 (-0.27%), 19 Mar 2026
- Thai 10-year government bond yield (interpolated): 2.099 (+4.29 bps), 19 Mar 2026
- US 10-year treasury yield: 4.25 (-1.0 bps), 19 Mar 2026
- US and Israeli leaders calmed investors after Persian Gulf energy damage
- Major central banks keep rates unchanged as expected
- Trump-Japan summit highlights Japan’s unclear role and controversial comment
- Thai PM Anutin secures new term
- Dollar drifts lower on Thursday amid global central bank caution and market risk sentiment
US and Israeli leaders calmed investors after Persian Gulf energy damage
Israeli PM Netanyahu stated that Iran currently lacks the capacity to enrich uranium or produce ballistic missiles after 20 days of conflict, adding that the US and Israel have destroyed Iran’s Caspian fleet and that Israel is assisting the US in reopening the Strait of Hormuz. He also noted that US President Trump requested a pause on future attacks targeting the South Pars field and suggested the conflict may conclude sooner than expected. The US is working to curb oil prices, with Trump ruling out ground forces and a crude export ban, while Bessent hints at easing Iranian sanctions and tapping the Strategic Petroleum Reserve.
Major central banks keep rates unchanged as expected
Five G10 central banks (BoJ, ECB, BoE, SNB, Riksbank) mirrored the Fed’s Wednesday approach, keeping rates steady amid uncertainty over the Middle East’s economic fallout. The ECB held rates as expected, emphasizing it is not pre-committing to a specific path—a stance reinforced by President Lagarde—with the move leaning slightly hawkish due to upgraded inflation forecasts. Similarly, the BoE kept rates steady in a more hawkish 9-0 decision (vs. 7-2 expected), removing references to future cuts while retaining flexibility if the shock proves short-lived. Meanwhile, the BoJ held rates at 0.75%, citing Middle East risks, and signaled hikes if inflation targets are met.
Trump-Japan summit highlights Japan’s unclear role and controversial comment
The summit between Japanese PM Sanae Takaichi and Trump went as expected, though Japan’s role in the Middle East conflict remains unclear. Trump praised Japan’s support but sparked awkwardness by referencing Pearl Harbor to justify not warning allies before strikes on Iran. He also indicated his delayed meeting with Xi Jinping is now set for mid-May.
Thai PM Anutin secures new term
Anutin Charnvirakul won a parliamentary vote to secure a new term as Thailand’s prime minister, receiving 293 of 500 lower house votes. Leading a 16-party coalition backed by roughly 292 lawmakers.
Dollar drifts lower on Thursday amid global central bank caution and market risk sentiment
The 10-year government bond yield (interpolated) on the previous trading day was 2.099, +4.29 bps. The benchmark government bond yield (LB365A) was 2.10, +6.00 bps. Meantime, the latest closed US 10-year bond yields was 4.25, -1.0 bps. USDTHB on the previous trading day closed around 32.78, moving in a range of 32.52 – 32.56 this morning. USDTHB could be closed between 32.40 – 32.70 today. The dollar weakened on Thursday as G10 central banks broadly echoed a “hold-for-now” stance, with steady US data—jobless claims remaining benign—failing to offset the impact of relatively higher yields abroad and improving risk sentiment. Global fixed income came under pressure as markets accepted that major central banks are in no rush to ease, while precious metals declined and oil saw intraday volatility tied to energy headlines. The euro and the British pound both advanced, supported by relatively hawkish holds from the ECB and BoE—highlighted by upgraded inflation forecasts in the euro area and a unanimous BoE decision alongside a shift away from easing bias. Meanwhile, the Japanese yen strengthened amid the softer dollar and retreating oil prices, with USD/JPY slipping below the 158 level.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
