- USDTHB: moving in the range 33.19 – 33.21 this morning, supportive level at 33.10 resistance level at 33.30
- SET Index: 1,614.36 (+0.11%), 13 Aug 2026
- S&P 500 Index: 7,798.99 (+0.65%), 13 Aug 2026
- Thai 10-year government bond yield (interpolated): 2.076 (-0.54 bps), 13 Aug 2026
- US 10-year treasury yield: 4.63 (-5.00 bps), 13 Aug 2026
- Cooling PPI boosts September Fed hold bets
- Oil markets await clearer middle east direction
- Fed officials offer mixed policy signals
- Japan government backs near-term BOJ hike
- UK economy shows resilience despite Q2 slowdown
- Dollar steady despite softer PPI and lower yields
Cooling PPI boosts September Fed hold bets
US PPI came in softer than expected in July, with headline prices flat M/M and core PPI rising 0.2%, reinforcing expectations for the Fed to remain on hold in September as market-implied odds rose to around 68%. Separately, weekly initial jobless claims rose more than expected, though levels around 200k remain consistent with a healthy labour market.
Oil markets await clearer middle east direction
Crude prices edged lower in choppy trade as markets remained in a geopolitical holding pattern, awaiting a clearer breakthrough or escalation in the Middle East. Iran said talks with Oman were progressing positively, but Tehran maintained that the Strait of Hormuz would remain blocked until its conditions are met, underscoring lingering uncertainty over reopening the key waterway. Meanwhile, geopolitical risks remained elevated after the Houthis claimed a drone attack on Saudi Aramco’s Jazan refinery.
Fed officials offer mixed policy signals
Barkin (Neutral) said it remains unclear whether further hikes are needed, noting inflation could ease as temporary shocks fade and current policy may already be restrictive enough. Hammack (Hawk) reiterated her call for a rate hike, arguing that resilient growth and persistent inflation require tighter policy.
Japan government backs near-term BOJ hike
PM Sanae Takaichi’s government reportedly supports a near-term BOJ rate hike, potentially in September or October, as concerns over yen weakness and efforts to reinforce the impact of recent US-Japan FX intervention align the government and central bank toward tighter policy.
UK economy shows resilience despite Q2 slowdown
UK GDP rose a stronger-than-expected 0.3% M/M in June, supported by services, while Q2 growth slowed to 0.4% from 0.6% in Q1. Services and investment remained key growth drivers, suggesting underlying economic momentum remains relatively resilient.
Dollar steady despite softer PPI and lower yields
The 10-year government bond yield (interpolated) on the previous trading day was 2.076, -0.54 bps. The benchmark government bond yield (LB365A) was 2.04, -2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.63, -5.0 bps. USDTHB on the previous trading day closed around 33.10, moving in a range of 33.19 – 33.21 this morning. USDTHB could be closed between 33.10 – 33.30 today. The dollar was broadly unchanged against major peers on Thursday, holding firm despite softer-than-expected PPI boosting expectations for a Fed hold and pushing US 2Y yields lower. Initial jobless claims rose more than expected but remained at relatively healthy levels, while Fed commentary was mixed as Hammack maintained her call for higher rates and Barkin remained uncertain over the policy path. The euro ended flat after early gains faded amid limited catalysts, while the British pound edged lower despite stronger-than-expected GDP. The Japanese yen remained near 159 against the dollar, with reports suggesting PM Takaichi’s government supports a faster pace of BoJ tightening.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
