- USDTHB: moving in the range 32.89 – 32.92 this morning, supportive level at 32.80 resistance level at 33.05
- SET Index: 1,595.58 (+1.18%), 4 Sep 2026
- S&P 500 Index: 7,718.60 (-0.38%), 4 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.237 (-0.72 bps), 4 Sep 2026
- US 10-year treasury yield: 4.78 (+1.00 bps), 4 Sep 2026
- US payrolls surge, putting September Fed hike in play
- Trump pressures Fed to cut rates, threatens trade restrictions
- US-Iran tensions escalate after weekend strikes
- Eurozone retail sales miss forecasts in July
- Thailand pauses data-center projects over resource strain
- Dollar firms as strong NFP boosts Fed hike bets
US payrolls surge, putting September Fed hike in play
US nonfarm payrolls surged by 162k in August, beating all estimates, while unemployment held at 4.1% and participation rose for the first time in nearly a year to 61.6%. Upward revisions added 55k jobs to June and July, with gains led by leisure and hospitality, government, manufacturing and construction. Wage growth remained firm at 0.3% MoM, although the annual rate slowed to 3.1%.
Trump pressures Fed to cut rates, threatens trade restrictions
President Trump urged the Fed to lower interest rates and threatened to restrict trade with countries running surpluses against the US, arguing that high borrowing costs put the economy at a competitive disadvantage. His remarks followed a stronger-than-expected August jobs report that instead prompted markets to raise the odds of a September rate hike amid concerns that resilient employment and persistent inflation could keep the economy overheated.
US-Iran tensions escalate after weekend strikes
US-Iran tensions escalated over the weekend after the US struck three Iranian oil tankers in retaliation for IRGC missile attacks on US warships. Trump warned of further strikes, potentially targeting Pickaxe Mountain, while Iran signaled conditional willingness to keep the Strait of Hormuz open under agreed shipping routes. Regional tensions also remained elevated, with renewed Israel-Hezbollah clashes and continued fighting involving Houthi forces in Yemen.
Eurozone retail sales miss forecasts in July
Eurozone retail sales fell 0.6% MoM in July, sharply missing expectations for a 0.3% increase, as a 1.4% decline in non-food sales outweighed higher spending on food, drinks and tobacco. Germany led the weakness with a 3.4% drop, followed by Spain at 0.9%. Despite the monthly decline, sales rose 0.6% YoY, while June’s growth was revised up to 0.2% MoM from a previously reported contraction.
Thailand pauses data-center projects over resource strain
Thailand has suspended construction of 49 data centers while it develops industry-wide regulations, expected within a month, amid growing concerns over power and water consumption and facilities in densely populated areas.
Dollar firms as strong NFP boosts Fed hike bets
The 10-year government bond yield (interpolated) on the previous trading day was 2.237, -0.72 bps. The benchmark government bond yield (LB365A) was 2.19, -1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.78, +1.0 bps. USDTHB on the previous trading day closed around 32.93, moving in a range of 32.89 – 32.92 this morning. USDTHB could be closed between 32.80 – 33.05 today. The dollar firmed alongside higher US two-year yields after nonfarm payrolls rose by 162k, well above the 55k forecast, while prior months were revised up by a combined 55k and unemployment held at 4.1%. The report raised expectations for a September Fed rate hike, though hotter-than-expected CPI or PPI data may still be needed to trigger a move. The index climbed to 99.14 but remained 0.5% lower on the week, with next week’s inflation reports firmly in focus. Geopolitical risks also lingered after President Trump suggested the US could soon strike Pickaxe Mountain, a site linked to Iran’s nuclear program.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
