- USDTHB: moving in the range 32.41 – 32.46 this morning, supportive level at 32.20 resistance level at 32.50
- SET Index: 1,405.02 (-0.31%), 16 Mar 2026
- S&P 500 Index: 6,699.38 (+1.01%), 16 Mar 2026
- Thai 10-year government bond yield (interpolated): 2.120 (+8.80 bps), 16 Mar 2026
- US 10-year treasury yield: 4.23 (-5.0 bps), 16 Mar 2026
- Trump says Hormuz coalition announcement coming, Iran ‘wants a deal’ but not ready
- Trump asks China to delay Xi summit over Iran war
- China’s economy shows surprise rebound despite rising risks
- China home prices drop at slower pace as slump abates
- Dollar opens week softer, trimming Middle East gains
Trump says Hormuz coalition announcement coming, Iran ‘wants a deal’ but not ready
US President Donald Trump said Secretary of State Marco Rubio will soon announce countries joining a potential coalition to secure the Strait of Hormuz, noting discussions with French President Emmanuel Macron and expecting UK involvement. Trump also said Iran wants to make a deal and is communicating with US officials but may not be ready, adding there is uncertainty around Iran’s leadership. He said the conflict could end soon, described the cost as “negligible,” and declined to comment on deploying ground troops. Meanwhile, reports said Abbas Araghchi and US envoy Steve Witkoff had recently exchanged texts about ending the conflict, weighing on oil, though Iran denied this and said their last contact was before the US attack.
Trump asks China to delay Xi summit over Iran war
President Donald Trump said he asked Xi Jinping to delay their summit by about a month so he can remain in Washington to oversee the Iran war, while noting he maintains a very good relationship with China. The delay may not disappoint China, which had previously suggested a later date to allow more preparation. Separately, the US and China are considering a new mechanism to manage economic ties, with US Trade Representative Jamieson Greer proposing a “US-China Board of Trade.”
China’s economy shows surprise rebound despite rising risks
China’s major economic indicators started the year stronger than expected, with industrial production rising 6.3% y/y in January–February, retail sales increasing 2.8% from 0.9% in December and beating the 2.5% forecast, while fixed-asset investment grew 1.8%, rebounding after its first recorded contraction in 2025.
China home prices drop at slower pace as slump abates
China’s home price declines eased in February, suggesting the property downturn may be nearing a bottom. New-home prices in 70 cities fell 0.28% m/m (vs -0.37% in January), while resale prices dropped 0.43%, the smallest decline in 10 months. Officials recently reiterated support for the sector, pledging city-specific measures to curb new supply and reduce inventory.
Dollar opens week softer, trimming Middle East gains
The 10-year government bond yield (interpolated) on the previous trading day was 2.120, +8.80 bps. The benchmark government bond yield (LB365A) was 2.14, +8.00 bps. Meantime, the latest closed US 10-year bond yields was 4.23, -5.0 bps. USDTHB on the previous trading day closed around 32.47, moving in a range of 32.41 – 32.46 this morning. USDTHB could be closed between 32.20 – 32.50 today. The dollar weakened, retracing some of last week’s gains as oil prices fell and Middle East tensions showed no major escalation. The US reportedly struck Kharg Island while avoiding oil infrastructure, while Donald Trump said Iran is open to a deal; reports also suggested contact between Iran’s Foreign Minister Abbas Araghchi and US envoy Steve Witkoff, though Iran denied it. The softer dollar lifted the euro back above 1.1500 amid news the EU may soon finalize a trade deal with Australia. The British pound rose to around 1.3300, outperforming other cyclical currencies, while the Japanese yen strengthened with USD/JPY testing 159.00 on lower oil prices and softer US yields.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
