- USDTHB: moving in the range 33.22 – 33.25 this morning, supportive level at 33.15 resistance level at 33.45
- SET Index: 1,598.03 (+0.88%), 21 Sep 2026
- S&P 500 Index: 7,764.70 (+1.49%), 21 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.290 (-0.86 bps), 21 Sep 2026
- US 10-year treasury yield: 4.96 (-5.00 bps), 21 Sep 2026
- AI agent adoption boosts CPU demand outlook
- Crude slides on US-Iran talks hopes and profit-taking
- Fed officials maintain hawkish bias on persistent inflation
- US-China trade optimism builds ahead of Trump-Xi summit
- Thailand overhauls MPI to better reflect manufacturing activity
- Dollar strengthens on higher-for-longer Fed outlook
AI agent adoption boosts CPU demand outlook
Semiconductor stocks surged as the strong early adoption of Meta’s new Muse AI agent boosted expectations that the next phase of AI growth could broaden chip demand beyond GPUs toward CPUs. Unlike model training, AI agents require significant computing power for inference, orchestration and application workloads, potentially driving stronger server CPU demand and benefiting Intel, AMD and Arm.
Crude slides on US-Iran talks hopes and profit-taking
Oil prices fell on renewed diplomatic optimism over the US-Iran conflict and continued profit-taking after strong early-September gains. Initial upside following fresh Houthi attacks on Saudi Aramco facilities quickly faded as President Trump appeared to hold off on further military action and signaled openness to meeting Iran’s president at the UN General Assembly. However, downside risks remain constrained as Iran reiterated that the Strait of Hormuz will remain closed until its conditions are met and warned that the war is not over.
Fed officials maintain hawkish bias on persistent inflation
Fed officials maintained a hawkish bias, emphasizing persistent inflation risks and the potential need for further tightening. Goolsbee stressed the importance of restoring inflation to 2% while noting uncertainty over the balance between demand- and supply-driven pressures. Collins said renewed Iran tensions contributed to her support for last week’s hike and another increase this year, while Musalem argued that further policy restraint is likely needed to prevent inflation from remaining well above target.
US-China trade optimism builds ahead of Trump-Xi summit
US-China trade sentiment improved ahead of the Trump-Xi meeting, with progress reported on trade and AI, including discussions on an AI hotline and potential tariff exemptions. However, USTR Greer played down prospects for a broader deal, while the US continues to seek greater Chinese rare-earth supplies.
Thailand overhauls MPI to better reflect manufacturing activity
Thai authorities plan to overhaul the MPI as the current methodology fails to capture the country’s changing manufacturing structure, particularly new investment in electronics, EVs, PCBs, semiconductors and batteries.
Dollar strengthens on higher-for-longer Fed outlook
The 10-year government bond yield (interpolated) on the previous trading day was 2.290, -0.86 bps. The benchmark government bond yield (LB365A) was 2.22, -2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.96, -5.0 bps. USDTHB on the previous trading day closed around 33.29, moving in a range of 33.22 – 33.25 this morning. USDTHB could be closed between 33.15 – 33.45 today. The dollar was broadly firmer as markets maintained expectations for another Fed rate hike this year, with hawkish comments from Goolsbee and Musalem reinforcing the higher-for-longer outlook despite lower oil prices. The euro weakened on broad USD strength, with political concerns resurfacing after Chancellor Merz’s CDU suffered a poor state-election result. The British pound slipped in choppy trade after failing to break above 1.3400 amid limited catalysts, while the Japanese yen weakened gradually, pushing USD/JPY above 157.00 as Japanese markets remained closed.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
