- USDTHB: moving in the range 32.35 – 32.43 this morning, supportive level at 32.25 resistance level at 32.55
- SET Index: 1,456.10 (-0.36%), 24 Apr 2026
- S&P 500 Index: 7,165.08 (+0.80%), 24 Apr 2026
- Thai 10-year government bond yield (interpolated): 2.138 (-0.44 bps), 24 Apr 2026
- US 10-year treasury yield: 4.31 (-3.00 bps), 24 Apr 2026
- US-Iran negotiations are clouded by uncertainty
- US and EU agree to coordinate on critical minerals to curb China reliance
- German sentiment hits 2020 low as Iran war weighs
- UK retail sales rise 0.7% in March, beating expectations
- Thailand posts record exports in March, trade gap widens
- The dollar softens in a risk-on backdrop on Friday night
US-Iran negotiations are clouded by uncertainty
Markets firmed on Friday as hopes for renewed US–Iran negotiations lifted risk sentiment. Over the weekend, US–Iran peace talks have stalled as Tehran refuses to negotiate under pressure and Washington escalates sanctions amid Strait of Hormuz disruptions. Donald Trump canceled envoys’ Pakistan trip. Nonetheless, on Monday morning, Axios reported that Iran through Pakistani mediators gave the US a new proposal for reaching a deal on the reopening of the Strait of Hormuz and the ending of the war, with nuclear negotiations postponed for a later stage.
US and EU agree to coordinate on critical minerals to curb China reliance
The US and EU agreed Friday to coordinate on securing critical minerals and strengthening supply chains to reduce reliance on China for rare earths and magnets. The plan includes cooperation on price floors, subsidies, and trade measures to support the critical minerals market among participating nations.
German sentiment hits 2020 low as Iran war weighs
German business morale fell more than expected in April to its lowest since May 2020, as the Iran war threatens Europe’s long-awaited recovery. The Ifo business climate index dropped to 84.4 from 86.3, with both current conditions and expectations weakening. The decline was echoed by the PMI, which showed Germany’s private sector contracting for the first time in nearly a year.
UK retail sales rise 0.7% in March, beating expectations
UK retail sales rose 0.7% in March, beating expectations of a 0.1% gain, rebounding from February’s revised 0.6% decline. The increase was driven by a 6.1% surge in fuel sales.
Thailand posts record exports in March, trade gap widens
Thai exports surged 18.7% y/y to a record US$35.16bn in March, driven by strong industrial and electronics shipments, while imports jumped 35.7% to US$38.50bn, resulting in a US$3.34bn trade deficit. For Q1, exports rose 17.6% and imports 32.4%, widening the deficit to US$9.48bn.
The dollar softens in a risk-on backdrop on Friday night
The 10-year government bond yield (interpolated) on the previous trading day was 2.138, -0.44 bps. The benchmark government bond yield (LB365A) was 2.14, -1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.31, -3.0 bps. USDTHB on the previous trading day closed around 32.48, moving in a range of 32.35 – 32.43 this morning. USDTHB could be closed between 32.25 – 32.55 today. The dollar fell Friday as improving geopolitical sentiment sparked a risk-on mood, boosting equities and Treasuries while weighing on oil and supporting gold, with data showing firmer sentiment but rising inflation expectations. Meanwhile, the euro rebounded on optimism over renewed US–Iran talks, while the yen strengthened alongside softer USD demand as Japan’s inflation edged higher. The pound also gained after stronger UK retail sales. Attention now shifts to this week’s central bank meetings and key data, with markets watching for policy signals amid growing stagflation concerns.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
