- USDTHB: moving in the range 31.29 – 31.305 this morning, supportive level at 31.20 resistance level at 31.40
- SET Index: 1,459.68 (+1.50%), 17 Feb 2026
- S&P 500 Index: 6,843.22 (+0.10%), 17 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.901 (+0.92 bps), 17 Feb 2026
- US 10-year treasury yield: 4.05 (+1.0 bps), 17 Feb 2026
- US and Iran signal progress in nuclear talks
- Japan exports post strongest growth in three years on China-bound chip surge
- UK unemployment nears 5-Year high and wage pressures recede
- Thai banks resilient amid credit contraction and softer earnings
- Dollar edges higher amid mixed trade, muted data reaction
US and Iran signal progress in nuclear talks
Iran’s foreign minister said Tehran and Washington have agreed on broad principles, though this does not signal an imminent deal. Meanwhile, US Vice President JD Vance said that talks with Iran went well, but the country has not yet acknowledged President Donald Trump’s red lines. US official said Iranian negotiators were scheduled to return to Geneva with a new proposal in two weeks.
Japan exports post strongest growth in three years on China-bound chip surge
Japan’s exports recorded their strongest growth in over three years, driven by a surge in semiconductor shipments to China and auto exports to the EU. Export values climbed 16.8% year-on-year in January — the fastest pace since November 2022 and well above the 13% forecast. Shipments of semiconductors and other electronic components jumped nearly 40%, including a 51.7% rise in exports to China.
UK unemployment nears 5-Year high and wage pressures recede
UK unemployment rose to 5.2% in the final quarter of last year — its highest level since early 2021 and above forecasts — while wage growth continued to cool, signalling a further softening in the labour market. Regular private-sector pay growth, the Bank of England’s preferred measure, slowed to 3.4%, the weakest in over five years. Payrolls fell by 11,000 in January, extending the annual decline to 134,000.
Thai banks resilient amid credit contraction and softer earnings
The Thai banking system remains resilient, underpinned by strong capital and liquidity buffers. In Q4 2025, lending declined by 1.1% year-on-year, driven mainly by weaker SME and consumer loans amid elevated credit risk. Asset quality improved, with the NPL ratio easing to 2.84%. Nevertheless, overall performance in 2025 softened due to lower net interest income and subdued credit growth following policy rate cuts and the economic slowdown, underscoring the need to closely monitor SMEs’ and households’ debt-servicing capacity.
Dollar edges higher amid mixed trade, muted data reaction
The 10-year government bond yield (interpolated) on the previous trading day was 1.901, +0.92 bps. The benchmark government bond yield (LB365A) was 1.90, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.05, +1.0 bps. USDTHB on the previous trading day closed around 31.23, moving in a range of 31.29 – 31.305 this morning. USDTHB could be closed between 31.20 – 31.40 today. The dollar posted modest gains after a mixed performance against major peers, with limited reaction to recent US data, while yields were mixed and the front-to-mid curve firmed as expectations for Fed rate cuts by year-end were slightly scaled back. Fed officials signalled no urgency to ease, emphasizing the need for clearer evidence that inflation is sustainably returning to 2%, as attention turns to Wednesday’s FOMC Minutes. The euro ended flat after rebounding from an intraday dip despite weak EU and German ZEW data, the British pound underperformed following a softer labour report showing higher unemployment and slower wage growth ahead of UK CPI, and the Japanese yen strengthened modestly in choppy trade amid shifting risk sentiment and limited domestic news.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
