- USDTHB: moving in the range 33.40 – 33.42 this morning, supportive level at 33.30 resistance level at 33.52
- SET Index: 1,542.34 (-1.04%), 26 June 2026
- S&P 500 Index: 7,354.02 (-0.047%), 26 June 2026
- Thai 10-year government bond yield (interpolated): 2.036 (-1.08 bps), 26 June 2026
- US 10-year treasury yield: 4.38 (-2.00 bps), 26 June 2026
- Geopolitical developments remain in focus
- Trump threatens 100% tariffs over digital services taxes
- US eases restrictions on Anthropic’s AI model for trusted users
- China industrial profit growth slows in May
- Dollar retreats on Friday, still notches weekly gain
Geopolitical developments remain in focus
The US-Iran conflict intensified over the weekend as both sides exchanged fresh strikes. The US targeted Iranian missile, drone, air defence, and coastal radar sites in retaliation for attacks on commercial shipping in the Strait of Hormuz, while Iran launched missiles and drones at US bases in Kuwait and Bahrain. President Trump warned of further military action if Iran continued violating the ceasefire. Although Iran cancelled scheduled technical talks, both sides later agreed to pause hostilities and meet in Doha this week to discuss the Strait of Hormuz and recent tensions.
Trump threatens 100% tariffs over digital services taxes
President Trump threatened to impose a 100% tariff on imports from any country that adopts a Digital Services Tax (DST) targeting US technology companies, escalating trade tensions with Europe. Trump said the measure would override any existing or pending trade agreements, including the US-EU trade deal reached last year. The warning came as several European countries, led by France, continue to pursue or expand DST policies despite US opposition.
US eases restrictions on Anthropic’s AI model for trusted users
The US government has partially lifted restrictions on Anthropic’s Claude Mythos 5 AI model, allowing more than 100 trusted US organizations, including Fortune 500 companies, to access the system after suspending its release two weeks ago over national security concerns. In a separate report, OpenAI is reportedly considering delaying its initial public offering until 2027, as CEO Sam Altman is said to be seeking a valuation of around USD 1 trillion.
China industrial profit growth slows in May
China’s industrial profits remained resilient but grew at a slower pace in May, rising 21.1% Y/Y versus 24.7% in April, highlighting an uneven recovery driven by export-oriented and AI-related industries amid weak domestic demand. Profit growth was led by computer, communication, and electronics manufacturers, supported by the global AI investment boom, while downstream sectors such as automakers and furniture producers remained under pressure.
Dollar retreats on Friday, still notches weekly gain
The 10-year government bond yield (interpolated) on the previous trading day was 2.036, -1.08 bps. The benchmark government bond yield (LB365A) was 2.01, -1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.38, -2.0 bps. USDTHB on the previous trading day closed around 33.42, moving in a range of 33.40 – 33.42 this morning. USDTHB could be closed between 33.30 – 33.52 today. The US dollar eased slightly on Friday but still ended the week higher as risk sentiment softened. Lower US treasury yields, led by the front end amid falling oil prices and expectations of normalized Strait of Hormuz oil flows, weighed on the greenback. Fed’s Kashkari reaffirmed his projection for one rate hike in 2026 before holding rates through 2027, citing persistent inflation concerns. On the data front, the University of Michigan survey delivered mixed revisions, while the US goods trade deficit widened more than expected in May, reflecting weaker exports and stronger imports.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
