- USDTHB: moving in the range 33.66 – 33.67 this morning, supportive level at 33.50 resistance level at 33.75
- SET Index: 1,639.04 (+0.23%), 17 July 2026
- S&P 500 Index: 7,457.69 (-1.01%), 17 July 2026
- Thai 10-year government bond yield (interpolated): 2.029 (+1.47 bps), 17 July 2026
- US 10-year treasury yield: 4.55 (-2.00 bps), 17 July 2026
- US-Iran escalation continues, heightening middle east risks
- US consumer sentiment improves, import prices signal sticky inflation
- Fed officials maintain a cautious policy stance
- Eurozone June CPI confirmed at 2.8%, core inflation eases
- Dollar finishes mixed as markets balance geopolitics and inflation
US-Iran escalation continues, heightening middle east risks
Middle East tensions continued to escalate over the weekend as the US and Iran exchanged fresh strikes following an Iranian attack in Jordan that killed two US service members. Reports suggested the US is preparing for a broader military campaign, while Iran suspended its commitments under the interim peace deal and condemned US strikes on its nuclear infrastructure. Regional security risks also intensified after explosions were reported across Iran and Iraq, Iran warned vessels transiting the Strait of Hormuz could face “accidents,” and Kuwait accused Iran of striking civilian infrastructure.
US consumer sentiment improves, import prices signal sticky inflation
US data were mixed but broadly resilient. The University of Michigan preliminary July survey beat expectations, with stronger consumer sentiment and lower one-year inflation expectations, although five-year expectations remained unchanged. Meanwhile, import prices rose 0.3% MoM, well above expectations, driven by higher nonfuel goods prices, while export prices fell 0.6%, reinforcing mixed inflation signals.
Fed officials maintain a cautious policy stance
Vice Chair Jefferson said current policy is well positioned to support the labor market while allowing inflation to ease, but stressed the Fed could reconsider its stance if inflation fails to resume its decline. Meanwhile, Hammack warned inflation remains her primary concern, with core PCE nowcast at 3.3%, citing broad-based price pressures despite a resilient labor market and steady economic growth.
Eurozone June CPI confirmed at 2.8%, core inflation eases
Eurozone June inflation was confirmed at 2.8% YoY (vs. 3.2% prior), matching the preliminary estimate and below expectations of 3.0%. Core CPI was also confirmed at 2.4% YoY, as easing energy, food and services inflation helped moderate overall price pressures, although renewed oil price strength remains an upside risk to the inflation outlook.
Dollar finishes mixed as markets balance geopolitics and inflation
The 10-year government bond yield (interpolated) on the previous trading day was 2.029, +1.47 bps. The benchmark government bond yield (LB365A) was 2.00, +1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.55, -2.0 bps. USDTHB on the previous trading day closed around 33.61, moving in a range of 33.66 – 33.67 this morning. USDTHB could be closed between 33.50 – 33.75 today. The dollar ended the week mixed against G10 peers, with earlier geopolitical support offset by softer US inflation and limited reaction to Friday’s mixed data. Geopolitical risks remained elevated as Iran continued attacks on tankers in the Strait of Hormuz, while reports said the Trump administration is deploying additional refueling aircraft to Israel ahead of a potential escalation. DXY edged lower to 100.76 on the week. Among G10 currencies, the British pound underperformed, while USD/JPY held near 162.45 after reports the BoJ sees little need for consecutive rate hikes despite a likely upward revision to its growth outlook.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
