- USDTHB: moving in the range 33.38 – 33.40 this morning, supportive level at 33.30 resistance level at 33.50
- SET Index: 1,621.55 (+0.82%), 10 July 2026
- S&P 500 Index: 7,575.39 (+0.42%), 10 July 2026
- Thai 10-year government bond yield (interpolated): 1.978 (-1.39 bps), 10 July 2026
- US 10-year treasury yield: 4.56 (+2.00 bps), 10 July 2026
- Middle east tensions intensify as US and Iran exchange fresh strikes
- French and German inflation confirm continued disinflation
- Katayama signals domestic investment drive, supporting yen
- SK hynix raises record USD 26.5bn in Nasdaq debut
- BoT signals limited scope for further rate cuts
- Dollar holds steady amid mixed middle east signals
Middle east tensions intensify as US and Iran exchange fresh strikes
US-Iran tensions escalated over the weekend as the US said it struck around 140 Iranian military targets on Saturday before launching another wave of attacks on Sunday aimed at degrading Iran’s ability to threaten commercial shipping in the Strait of Hormuz. In response, Iran carried out drone and missile strikes against at least five US allies across the Middle East and announced the closure of the Strait. Despite Iran’s announcement that it had closed the Strait of Hormuz, President Trump said the waterway remains open to commercial traffic. In addition, maritime authorities said an alternative shipping route along the Omani coast remained open.
French and German inflation confirm continued disinflation
Final inflation data from France and Germany came in line with expectations, with annual CPI easing to 1.8% and 2.3%, respectively, reinforcing the region’s ongoing disinflation trend.
Katayama signals domestic investment drive, supporting yen
Finance Minister Katayama said the government would pursue measures to encourage greater investment in Japanese assets by institutions such as GPIF. The proposal was viewed as a potential long-term structural positive for Japanese assets, although its impact is expected to take time and would require stronger policy backing. In a separate report, the BoJ is likely to keep rates unchanged in July while maintaining its policy guidance and upgrading its growth outlook.
SK hynix raises record USD 26.5bn in Nasdaq debut
SK hynix raised USD 26.5bn in its Nasdaq ADS listing, one of the largest IPOs in history. The deal was reportedly over seven times oversubscribed, underscoring strong investor demand for AI semiconductor exposure.
BoT signals limited scope for further rate cuts
BoT Governor Vitai said the central bank’s accommodative monetary policy has helped support the economy but signaled that further rate cuts below 1% are unlikely despite subdued inflation, citing potential side effects. He described Thailand’s projected 2.3% GDP growth as weak and called for structural reforms to boost competitiveness and reduce inequality.
Dollar holds steady amid mixed middle east signals
The 10-year government bond yield (interpolated) on the previous trading day was 1.978, -1.39 bps. The benchmark government bond yield (LB365A) was 1.95, -1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.56, +2.0 bps. USDTHB on the previous trading day closed around 33.32, moving in a range of 33.38 – 33.40 this morning. USDTHB could be closed between 33.30 – 33.50 today. The US dollar ended the week little changed as mixed geopolitical signals from the Middle East and higher US treasury yields offset improving risk sentiment. With no major economic data releases, markets focused on geopolitics after President Trump reiterated that Iran had requested further talks while expressing greater confidence that the ceasefire would hold. Despite lower crude oil prices, US yields moved higher on Friday, helping limit downside pressure on the dollar.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
