- USDTHB: moving in the range 32.57 – 32.59 this morning, supportive level at 32.40 resistance level at 32.70
- SET Index: 1,454.0 (-0.80%), 3 Apr 2026
- S&P 500 Index: 6,611.83 (+0.44%), 6 Apr 2026
- Thai 10-year government bond yield (interpolated): 2.130 (-5.19 bps), 3 Apr 2026
- US 10-year treasury yield: 4.34 (-1.00 bps), 6 Apr 2026
- Trump sets Tuesday deadline for Iran, threatens strikes on infrastructure
- Nonfarm payrolls surge, underscoring economic resilience
- US services PMI dips below expectations
- China services PMI slows post-holiday
- The dollar softens against G10 as Middle East tensions steer early-week sentiment
Trump sets Tuesday deadline for Iran, threatens strikes on infrastructure
Trump gave Iran until Tuesday 20:00 EDT to reopen the Strait of Hormuz and agree to a deal or face US strikes targeting energy sites, power facilities, and bridges. War Secretary Pete Hegseth said Monday marked the heaviest strikes so far, with even larger action expected Tuesday, while Trump warned Iran could be neutralized within hours if it failed to comply. Despite the escalation, markets turned more optimistic after Trump signaled Iranian negotiators were open to a deal, even as Tehran rejected a US 45-day ceasefire proposal and instead offered a counter plan that Trump dismissed as insufficient.
Nonfarm payrolls surge, underscoring economic resilience
US job growth rebounded in March, with nonfarm payrolls rising 178,000—beating estimates—and the unemployment rate unexpectedly falling to 4.3%, suggesting labor market stabilization amid the Iran conflict. Gains were broad, led by health care, manufacturing, construction, and leisure and hospitality, while the participation rate dipped to 61.9%, the lowest since 2021.
US services PMI dips below expectations
The headline PMI fell to 54.0 from 56.1, missing the 55 forecast, with business activity dropping sharply to 53.9 from 59.9, though new orders improved to 60.6 from 58.6. Inflation and labor components raised concerns for the Fed, as prices paid surged to 70.7 from 63.0 ahead of upcoming CPI data, while employment weakened to 45.2 despite strong recent payrolls.
China services PMI slows post-holiday
China’s services sector growth slowed in March, signaling weak consumer demand after a post-holiday boost in February. The RatingDog China Services PMI dropped to 52.1 from 56.7, below the 53.6 forecast, with retail and catering remaining in contraction. Private survey firms noted modest input cost rises due to higher fuel, materials, and labor expenses.
The dollar softens against G10 as Middle East tensions steer early-week sentiment
The 10-year government bond yield (interpolated) on the previous trading day was 2.130, -5.19 bps. The benchmark government bond yield (LB365A) was 2.12, -6.00 bps. Meantime, the latest closed US 10-year bond yields was 4.34, -1.0 bps. USDTHB on the previous trading day closed around 32.64, moving in a range of 32.57 – 32.59 this morning. USDTHB could be closed between 32.40 – 32.70 today. The dollar weakened against most G10 peers as Middle East tensions dominated sentiment, with Donald Trump issuing Iran a deadline for a potential strike, though optimism rose on signs of ongoing talks despite Iran rejecting a ceasefire. Focus now turns to whether action follows. US data from the ISM Services Index showed mixed signals, with weaker activity but higher inflation pressures, driving choppy USD moves. The euro and British pound gained on dollar softness—though upside was limited by holiday-thinned markets—while the Japanese Yen gave back gains amid higher oil prices.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
