- USDTHB: moving in the range 32.92 – 32.96 this morning, supportive level at 32.88 resistance level at 33.08
- SET Index: 1,584.14 (+1.44%), 9 June 2026
- S&P 500 Index: 7,386.65 (-0.26%), 9 June 2026
- Thai 10-year government bond yield (interpolated): 2.318 (+3.12 bps), 9 June 2026
- US 10-year treasury yield: 4.53 (-3.00 bps), 9 June 2026
- US–Iran headlines swing between diplomacy and escalation
- US releases continue to signal economic resilience
- China exports and imports accelerate, driven by AI demand
- Indonesia delivers off-cycle rate hike to shore up currency
- Dollar softens on lower oil, trims losses on geopolitical tensions
US–Iran headlines swing between diplomacy and escalation
Middle east tensions remained elevated and uncertain. Reports indicated that a draft agreement had been submitted to Washington for review, while efforts were reportedly underway to finalize a memorandum of understanding as early as this week. Oil prices moved lower as optimism grew around potential progress in US-Iran negotiations. However, crude pared some losses after President Trump stated that the US would respond to Iranian attacks on American Apache helicopters near the Strait of Hormuz. Meanwhile, US equities closed lower on Tuesday, led by technology stocks, though major indices recovered significantly from their intraday lows. Renewed pressure on tech stocks appeared to stem from a Bloomberg report that data-center developer Crusoe had paused construction at its Wyoming facility, adding to concerns over AI-related valuations.
US releases continue to signal economic resilience
Economic data were broadly supportive, with existing home sales exceeding expectations and ADP’s weekly employment tracker indicating an average gain of 29k jobs per week over the past month. Meanwhile, the US trade deficit narrowed to USD 55.9bn in April from USD 60.3bn previously, although it came in slightly wider than the USD 55.5bn consensus forecast. Reflecting the firmer data backdrop, the Atlanta Fed’s GDPNow model upgraded its Q2 growth estimate to 3.3% from 3.0%.
China exports and imports accelerate, driven by AI demand
China’s trade data surprised to the upside in May, with exports rising 19% YoY and imports surging 27%, both exceeding market expectations and lifting the trade surplus to USD 105.4bn, the largest since January. The strength was driven largely by robust demand tied to the global AI infrastructure buildout, which has continued to support Asian trade despite disruptions from the Middle East conflict.
Indonesia delivers off-cycle rate hike to shore up currency
Bank Indonesia unexpectedly raised its policy rate by 25bps to 5.5% in an off-cycle move to support the rupiah amid sustained capital outflows and market volatility. The surprise hike, following a 50bp increase in May, underscores growing concerns over currency weakness and the continued decline in foreign exchange reserves, which fell for a fifth consecutive month in May.
Dollar softens on lower oil, trims losses on geopolitical tensions
The 10-year government bond yield (interpolated) on the previous trading day was 2.318, +3.12 bps. The benchmark government bond yield (LB365A) was 2.31, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.53, -3.0 bps. USDTHB on the previous trading day closed around 32.85, moving in a range of 32.92 – 32.96 this morning. USDTHB could be closed between 32.88 – 33.08 today. The dollar was slightly weaker on Tuesday as lower yields and falling oil prices reflected optimism over US–Iran negotiations, with reports of a draft agreement under review and potential MOU progress this week. However, gains in the dollar emerged later after President Trump signaled a response to Iranian attacks on a US helicopter, which also weighed on equities and pushed them to intraday lows. The euro edged higher in choppy trade within the 1.1500 range, while the British pound outperformed following strong BRC retail sales, briefly breaking above 1.3400. The Japanese yen was marginally softer, holding near 160, with expectations still building for a BoJ hike next week.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
