- USDTHB: moving in the range 32.37 – 32.43 this morning, supportive level at 32.30 resistance level at 32.60
- SET Index: 1,409.35 (-1.43%), 13 Mar 2026
- S&P 500 Index: 6,632.19 (-0.61%), 13 Mar 2026
- Thai 10-year government bond yield (interpolated): 2.032 (+5.84 bps), 13 Mar 2026
- US 10-year treasury yield: 4.28 (+1.0 bps), 13 Mar 2026
- Trump strikes Iran’s Kharg oil hub, urges Hormuz reopening
- US economic data sends mixed signals
- UK GDP unexpectedly stalls at start of the year
- Thailand plans higher biodiesel use and Russian oil talks
- Dollar firms across G10 as markets focus on Middle East conflict
Trump strikes Iran’s Kharg oil hub, urges Hormuz reopening
US President Donald Trump said the United States struck military targets on Iran’s Kharg Island in the Persian Gulf, calling it one of the largest attacks in the conflict, now in its 14th day. He noted that while several military sites were destroyed, oil infrastructure was not targeted, though the US could do so if Iran continues to disrupt shipping through the Strait of Hormuz. Kharg Island handles about 90% of Iran’s oil exports. Meanwhile, Iran warned it would target U.S.-linked energy facilities in the Middle East if its oil infrastructure is attacked. Separately, Trump urged allies to deploy naval forces to help safeguard shipping through the Strait of Hormuz.
US economic data sends mixed signals
Overall, the data was mixed. Q4 GDP and January Durable Goods were weak, while January PCE was broadly in line with expectations, though core year-over-year came in slightly higher. Meanwhile, the preliminary March University of Michigan survey was strong, with improved sentiment and lower inflation expectations, and JOLTS job openings beat forecasts.
UK GDP unexpectedly stalls at start of the year
The UK economy unexpectedly stalled in January, with GDP flat after 0.1% growth in the previous month, missing expectations of a 0.2% rise. Services showed no growth, while manufacturing and construction expanded only modestly, suggesting the economy was already off track to meet the Bank of England’s 0.3% Q1 growth forecast.
Thailand plans higher biodiesel use and Russian oil talks
The Thai government is preparing to raise diesel prices once the price cap expires, while gasoline prices will adjust in line with market mechanisms. Authorities also plan to task the Ministry of Energy with negotiating crude oil purchases from Russia to bolster energy security if disruptions in the Strait of Hormuz affect global supply. In addition, the government intends to increase the biodiesel blend from B7 to B10 and B20 to reduce reliance on imported oil.
Dollar firms across G10 as markets focus on Middle East conflict
The 10-year government bond yield (interpolated) on the previous trading day was 2.032, +5.84 bps. The benchmark government bond yield (LB365A) was 2.06, +8.00 bps. Meantime, the latest closed US 10-year bond yields was 4.28, +1.0 bps. USDTHB on the previous trading day closed around 32.23, moving in a range of 32.37 – 32.43 this morning. USDTHB could be closed between 32.30 – 32.60 today. The US dollar strengthened against all G10 currencies during a volatile week, mainly driven by risk sentiment linked to the ongoing Middle East conflict, which continues to dominate markets. Although several US economic data releases were published, they generated limited market reaction. Looking ahead, markets are focused on a busy week of central bank decisions, particularly the Federal Reserve’s FOMC meeting on Wednesday with updated economic projections, though uncertainty remains due to potential energy-driven inflation risks from the ongoing war. Across G10 currencies, most weakened amid risk aversion and dollar strength. the British pound declined following weak UK GDP data. The Japanese yen was the relative outperformer, likely due to speculation about possible intervention as USD/JPY approaches the widely discussed 159–160 range.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
