- USDTHB: moving in the range 33.225 – 33.25 this morning, supportive level at 33.15 resistance level at 33.35
- SET Index: 1,617.13 (-0.29%), 4 Aug 2026
- S&P 500 Index: 7,736.52 (+1.79%), 4 Aug 2026
- Thai 10-year government bond yield (interpolated): 2.097 (+0.65 bps), 4 Aug 2026
- US 10-year treasury yield: 4.63 (-7.00 bps), 4 Aug 2026
- De-escalation hopes rise as strait of Hormuz reopening gains momentum
- US job openings weaken, pointing to easing labour demand
- US targets Chinese data center components
- Japan’s wage momentum keeps BOJ normalisation on track
- Dollar weakens as oil slumps and hawkish Fed bets fade
De-escalation hopes rise as strait of Hormuz reopening gains momentum
Geopolitical tensions showed tentative signs of easing as reports suggested progress toward reopening the Strait of Hormuz. Qatar reportedly drafted language for a potential US-Iran deal, while Iran and Oman are expected to announce a plan for managing the waterway, with Tehran also considering allowing Europe to clear mines in the Strait. These developments outweighed reports of a strike on a US base in Kuwait, prompting a sharp decline in oil prices as markets priced in lower risks to global energy supply.
US job openings weaken, pointing to easing labour demand
US job openings fell more than expected to 7.359 million in June (vs. 7.450 million expected), with the vacancy rate easing to 4.4%, signalling a gradual cooling in labour demand. Meanwhile, hires and separations both edged higher, while the quits rate held steady at 2.0% and layoffs were unchanged, suggesting labour market conditions remain stable without signs of overheating. In a separate report, US factory orders unexpectedly fell 0.3% MoM in June (vs. +0.2% expected), driven by weakness in defence aircraft and energy-related machinery. However, AI-related demand remained robust, with computer and electronics orders rising 3.2%.
US targets Chinese data center components
The Trump administration is reportedly drafting restrictions on imports of certain Chinese data center components over concerns they could be used to install malware or steal AI-related data. The move follows a House committee report highlighting cybersecurity vulnerabilities in US telecom networks, which may have exposed them to hacking by the Chinese group Salt Typhoon.
Japan’s wage momentum keeps BOJ normalisation on track
Japan’s real wages rose 1.6% YoY in June, marking a sixth consecutive monthly increase, while nominal wages accelerated to 3.4% YoY, driven by stronger base pay growth. The data reinforce signs of sustained wage momentum, supporting the BOJ’s case for further policy normalisation, with markets watching for a potential rate hike as early as September.
Dollar weakens as oil slumps and hawkish Fed bets fade
The 10-year government bond yield (interpolated) on the previous trading day was 2.097, +0.65 bps. The benchmark government bond yield (LB365A) was 2.07, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.63, -7.0 bps. USDTHB on the previous trading day closed around 33.42, moving in a range of 33.225 – 33.25 this morning. USDTHB could be closed between 33.15 – 33.35 today. The US dollar weakened as easing concerns over the Strait of Hormuz reduced near-term hawkish Fed expectations. Reports of progress toward a US-Iran deal and plans to manage the waterway sent oil prices sharply lower, supporting short-dated Treasuries and weighing on the dollar. The euro and the British pound edged higher on the weaker dollar, while the Japanese yen paused after recent gains as USD/JPY stabilised, with US Treasury Secretary Bessent reaffirming confidence in Japan’s policies and continued US support.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
