- USDTHB: moving in the range 33.105 – 33.135 this morning, supportive level at 33.00 resistance level at 33.30
- SET Index: 1,615.07 (-0.17%), 10 Sep 2026
- S&P 500 Index: 7,591.70 (-0.58%), 10 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.316 (+2.58 bps), 10 Sep 2026
- US 10-year treasury yield: 4.95 (+12.00 bps), 10 Sep 2026
- US-Iran escalation sends oil sharply higher
- US PPI keeps inflation risks elevated ahead of CPI
- Trump pledges $5,000 payout if GOP wins midterms
- ECB delivers expected hike, offers little forward guidance
- BoT steps up crackdown on illicit financial flows
- Dollar strengthens as yields and oil surge
US-Iran escalation sends oil sharply higher
Geopolitical tensions intensified as the US-Iran conflict raised fresh concerns over disruptions to key Middle East shipping routes. Reports of expanding Houthi control around the Bab al-Mandeb Strait added to existing risks around the Strait of Hormuz, while Iran’s reported resumption of ballistic missile production further heightened uncertainty. Oil prices surged on the escalation, with WTI climbing above USD 103/bbl and Brent above USD 108/bbl, before paring some gains after the Houthis said navigation and trade in the Red Sea remained safe.
US PPI keeps inflation risks elevated ahead of CPI
US PPI was mixed in August. Headline PPI rose 0.4% MoM, in line with expectations, while the annual rate accelerated to 5.4%, slightly above consensus. However, core PPI increased a softer-than-expected 0.2% MoM, with the YoY rate at 4.6%. The headline increase was largely driven by energy prices, particularly diesel fuel, while services inflation remained relatively contained at 0.1% MoM. PCE-related components were also mixed, with softer portfolio management prices partly offset by firmer airfares and hospital costs, keeping the focus on upcoming CPI and PCE inflation data. In a separate report, US jobless claims were steady, signaling low layoffs.
Trump pledges $5,000 payout if GOP wins midterms
President Trump pledged a $5,000 payment to every U.S. adult if Republicans win both chambers of Congress, provided the money is spent domestically. However, funding remains unclear amid a projected $2.1 trillion fiscal deficit and growing concerns over debt, inflation, and the cost of living.
ECB delivers expected hike, offers little forward guidance
The ECB raised rates by 25bp as expected and reiterated its data-dependent, meeting-by-meeting approach, warning that inflation will remain above target for an extended period. President Lagarde described the decision as unanimous and a “no-brainer,” noting resilient growth but upside inflation risks, while offering no guidance on the direction of the next policy move.
BoT steps up crackdown on illicit financial flows
The Bank of Thailand has partnered with 11 financial-sector groups to strengthen checks, monitor high-risk transactions, and combat illicit funds linked to online scams, gambling, and corruption across bank accounts, cash, gold, and digital assets.
Dollar strengthens as yields and oil surge
The 10-year government bond yield (interpolated) on the previous trading day was 2.316, +2.58 bps. The benchmark government bond yield (LB365A) was 2.26, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.95, +12.0 bps. USDTHB on the previous trading day closed around 32.91, moving in a range of 33.105 – 33.135 this morning. USDTHB could be closed between 33.00 – 33.30 today. The dollar strengthened alongside higher US yields and oil prices as escalating Middle East tensions reinforced risk-off sentiment. A mixed US PPI report shifted focus to Friday’s CPI for clues on the Fed outlook, while steady jobless claims supported the low-hire, low-fire labour market narrative. The euro weakened despite the ECB’s expected 25bp hike, while the British pound slipped ahead of UK GDP data and the Japanese yen underperformed as USD/JPY rose above 154 on higher yields and surging oil prices.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
