- USDTHB: moving in the range 32.51 – 32.58 this morning, supportive level at 32.40 resistance level at 32.65
- SET Index: 1,591.72 (-0.04%), 15 June 2026
- S&P 500 Index: 7,554.29 (+1.65%), 15 June 2026
- Thai 10-year government bond yield (interpolated): 2.102 (-8.88 bps), 15 June 2026
- US 10-year treasury yield: 4.47 (-1.00 bps), 15 June 2026
- Markets turn risk-on as US-Iran deal eases geopolitical concerns
- US data disappoints, but market reaction remains muted
- Eurozone industrial production edges higher in April
- Dollar weakens as US-Iran deal boosts risk sentiment; focus shifts to FOMC and BoJ
Markets turn risk-on as US-Iran deal eases geopolitical concerns
Risk sentiment improved after reports that the US and Iran reached a framework peace agreement, which is expected to be formally signed in Switzerland on Friday. Although details remain limited, reports suggest the US may lift its naval blockade while Iran could reopen the Strait of Hormuz. The agreement sparked a broad risk-on move, with oil prices falling sharply as markets unwound geopolitical risk premiums and the dollar weakened against major currencies. Precious metals gained, while Treasuries also rallied, led by the front end as lower oil prices helped ease inflation concerns.
US data disappoints, but market reaction remains muted
The NY Fed empire manufacturing survey, industrial production, and NAHB housing market index all came in below expectations. The NY Fed Empire Manufacturing survey came in weaker than expected, with the headline index falling to 5.7 from 19.6 (vs. 13.2 consensus). Details were mixed, as new orders and shipments dropped sharply, while input price pressures moderated. Meanwhile, industrial production rose 0.1% M/M in May (exp. 0.2%), while manufacturing output was unchanged, pointing to a slower pace of activity growth. However, prior months saw significant upward revisions, with industrial production and manufacturing revised higher by 0.4ppt and 0.5ppt, respectively. Mining output increased 1.3%, offsetting weaker utilities output, while capacity utilisation edged up to 76.2%. On a Y/Y basis, industrial production accelerated to 1.7%, supported by continued strength in high-tech manufacturing.
Eurozone industrial production edges higher in April
Eurozone and EU industrial production increased 0.1% M/M in April, according to Eurostat, while output rose 0.3% Y/Y in the euro area and 0.9% Y/Y across the EU. In the euro area, growth was supported by higher production of durable goods, intermediate goods, and non-durable consumer goods, which rose 1.0%, 0.8%, and 1.7% respectively, while capital goods and energy output declined.
Dollar weakens as US-Iran deal boosts risk sentiment; focus shifts to FOMC and BoJ
The 10-year government bond yield (interpolated) on the previous trading day was 2.102, -8.88 bps. The benchmark government bond yield (LB365A) was 2.10, -10.00 bps. Meantime, the latest closed US 10-year bond yields was 4.47, -1.0 bps. USDTHB on the previous trading day closed around 32.58, moving in a range of 32.51 – 32.58 this morning. USDTHB could be closed between 32.40 – 32.65 today. The dollar weakened as improving risk sentiment following the US-Iran framework peace agreement weighed on demand for safe-haven assets, with the deal expected to be formally signed in Switzerland on Friday. Market attention remained focused on the geopolitical developments ahead of Wednesday’s FOMC meeting. The euro benefited from dollar weakness but retreated from highs above 1.1600, while hawkish ECB remarks supported the currency as policymakers highlighted persistent inflation risks and kept the possibility of further tightening open. The British pound gave back earlier gains and ended flat amid limited UK-specific news, with focus shifting toward upcoming CPI data, the BoE meeting, and the Makerfield by-election later in the week. The Japanese yen failed to extend initial gains and returned toward the 160.00 area ahead of the BoJ meeting, where markets expect a rate hike but remain focused on policy guidance and the pace of future normalization.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
