- USDTHB: moving in the range 33.52 – 33.55 this morning, supportive level at 33.45 resistance level at 33.65
- SET Index: 1,465.70 (-2.16%), 6 Nov 2026
- S&P 500 Index: 7,376.86 (+0.31%), 6 Nov 2026
- Thai 10-year government bond yield (interpolated): 2.064 (-1.98bps), 6 Nov 2026
- US 10-year treasury yield: 4.860 (+2.00bps), 6 Nov 2026
- Oil prices remain volatile as US–Iran tensions threaten supply stability
- Strong US payrolls reinforce expectations of further Fed tightening
- US equities stabilize, but AI risks and higher yields keep dollar demand firm
- Japan’s Nikkei plunges 6% as global AI sell-off triggers broad risk aversion
- Thailand’s inflation surges to 3.9%, exceeding BoT's target and raising policy tightening pressure
- Dollar maintains a near-term bullish bias as strong payrolls and defensive demand
Oil prices remain volatile as US–Iran tensions threaten supply stability
Brent crude settled at USD 98.32/barrel on 6 November, while WTI reached USD 90.83, as renewed US–Iran tensions offset expectations of improving oil supply. Brent was heading for a roughly 17% weekly decline amid hopes of diplomatic progress, but renewed tanker attacks near the Strait of Hormuz highlighted persistent supply risks. Further escalation could revive energy-driven inflation and reinforce global monetary tightening expectations.
Strong US payrolls reinforce expectations of further Fed tightening
US nonfarm payrolls surged by 165,000 in October, significantly exceeding expectations of approximately 65,000, while unemployment declined to 4.1%. Average hourly earnings increased 0.4% MoM and 3.1% YoY, indicating resilient labor demand. Following the release, market expectations for a 25-bp Federal Reserve rate increase in December rose towards 80%, supporting US Treasury yields and the dollar.
US equities stabilize, but AI risks and higher yields keep dollar demand firm
US equities partially recovered on 6 November, with the Nasdaq rising 1.1% and the S&P 500 gaining 0.3%, after the previous session erased nearly USD 3 trillion in S&P 500 market value. However, persistent AI-investment concerns and strong payroll growth of 165,000 lifted Treasury yields and the DXY by 0.77% to 102.26, leaving the dollar supported more by US rate differentials than by pure safe-haven flows.
Japan’s Nikkei plunges 6% as global AI sell-off triggers broad risk aversion
Japan’s Nikkei 225 fell 5.96% on 6 November 2026, marking its sharpest daily decline since April 2025, as a US-led technology sell-off spread across Asian markets. Concerns over elevated AI valuations, tighter US regulation and slower data center investment intensified selling pressure, while higher oil prices and growing economic uncertainty drove broader risk-off flows into currencies and government bonds.
Thailand’s inflation surges to 3.9%, exceeding BoT's target and raising policy tightening pressure
Thailand’s headline inflation accelerated to 3.9% YoY in October, up from 2.82% in September and above market expectations of 3.24%, driven by rising energy, food and transportation costs. The reading exceeded the Bank of Thailand’s 1–3% inflation target, increasing pressure on the central bank to maintain a tighter monetary policy stance.
Dollar maintains a near-term bullish bias as strong payrolls and defensive demand
The 10-year government bond yield (interpolated) on the previous trading day was 2.064 (-1.98bps). The benchmark government bond yield (LB365A) was 1.986, -1.77bps. Meantime, the latest closed US 10-year bond yields was 4.860 (+2.00bps). USDTHB on the previous trading day closed around 33.50, moving in the range 33.52 – 33.55 this morning. USDTHB could be closed between 33.45-33.65 today. The dollar’s strength initially reflected safe-haven demand during the global equity sell-off, but the main driver subsequently shifted to stronger US payroll growth of 165,000, which pushed the probability of a December Fed rate hike close to 80%. Resilient labor market conditions and tighter policy expectations should maintain the dollar’s near-term bullish bias.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
