- USDTHB: moving in the range 30.99 – 31.035 this morning, supportive level at 30.85 resistance level at 31.10
- SET Index: 1,480.24 (+0.04%), 23 Feb 2026
- S&P 500 Index: 6,837.75 (-1.04%), 23 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.899 (+0.21 bps), 23 Feb 2026
- US 10-year treasury yield: 4.03 (-5.0 bps), 23 Feb 2026
- Trump eyes new security tariffs after US Supreme Court ruling
- Waller sees March FOMC as coin flip, data dependent
- German business confidence rises as stimulus rollout accelerates
- Thai exports jump most in four years on AI-led electronics boom
- Dollar index edges lower on tariff updates, Waller remarks
Trump eyes new security tariffs after US Supreme Court ruling
The Wall Street Journal reports that Donald Trump is considering a new round of national security tariffs on around six industries after a recent US Supreme Court ruling struck down much of his earlier levies. The measures, potentially targeting sectors such as large-scale batteries, iron products, plastic piping, industrial chemicals, and power grid and telecom equipment, would be imposed under Section 232 of the Trade Expansion Act of 1962. Meanwhile, he also warned that any country attempting to “play games” with the decision, particularly those he accuses of taking advantage of the US, would face substantially higher tariffs than previously agreed. Recently, the EU is set to pause approval of a trade deal amid renewed tariff risks stemming from Donald Trump’s policies.
Waller sees March FOMC as coin flip, data dependent
Christopher Waller said he would support a 25bps cut in March if January’s labour strength fades or is revised lower, but could favour holding if downside job risks ease, calling the decision a near coin flip pending the February report. After the US Supreme Court struck down Donald Trump’s IEEPA tariffs, he said the ruling may lift spending and investment and would not materially alter his policy view.
German business confidence rises as stimulus rollout accelerates
German business confidence strengthened in February as government stimulus measures continued to filter through Europe’s largest economy. The Ifo Institute reported its business climate index rose to 88.6 from 87.6 in January, while the expectations gauge climbed to 90.5 from a revised 89.6—surpassing the median forecast of 90.
Thai exports jump most in four years on AI-led electronics boom
Thailand’s exports surged 24.4% y/y in January, while imports jumped 29.4%, both far exceeding even the most optimistic forecasts and marking the strongest growth since late 2021. The export rebound was driven by an upcycle in electronics demand linked to AI and data center investment. Thailand recorded a USD 7.2bn trade deficit with China and a USD 4.8bn surplus with the US during the month. Meanwhile, Thai officials said they will continue trade negotiations with Washington after the US Supreme Court struck down most of Donald Trump’s global tariffs.
Dollar index edges lower on tariff updates, Waller remarks
The 10-year government bond yield (interpolated) on the previous trading day was 1.899, +0.21 bps. The benchmark government bond yield (LB365A) was 1.92, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.03, -5.0 bps. USDTHB on the previous trading day closed around 31.01, moving in a range of 30.99 – 31.035 this morning. USDTHB could be closed between 30.85 – 31.10 today. The dollar traded mixed against G10 peers, with the index edging lower as markets digested fresh tariff developments and comments from Christopher Waller. The euro briefly topped 1.1800 before paring gains, as Christine Lagarde of the European Central Bank reiterated a meeting-by-meeting approach. The British pound edged higher but remained near 1.3500 despite cautious signals from the Bank of England, while the Japanese yen outperformed on risk-off flows.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
