- USDTHB: moving in the range 31.09 – 31.13 this morning, supportive level at 31.07 resistance level at 31.27
- SET Index: 1,533.64 (+1.16%), 26 Feb 2026
- S&P 500 Index: 6,908.86 (-0.54%), 26 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.720 (-8.41 bps), 26 Feb 2026
- US 10-year treasury yield: 4.02 (-3.0 bps), 26 Feb 2026
- US and Iran agree to extend nuclear talks
- US jobless claims edged higher to 212,000 in holiday week
- Tokyo CPI cools below BOJ’s target for first time since 2024
- Thai MPI beats expectations on auto and electronics strength
- Dollar firms on wave of risk-off developments
US and Iran agree to extend nuclear talks
The US and Iran held a third round of nuclear talks on Thursday, just days ahead of President Donald Trump’s deadline for a deal, ultimately agreeing to extend negotiations and keeping markets wary of potential Middle East tensions. According to Omani mediators, Washington and Tehran made “significant progress” and will continue discussions next week, leaving the door open for further diplomacy; however, a source familiar with the US position said American officials departed disappointed with the pace of progress.
US jobless claims edged higher to 212,000 in holiday week
US Initial Jobless Claims for the week ending February 21st rose to 212k from 208k but remained below the 215k forecast, with the four-week average edging up to 220.25k. Unadjusted claims fell by 16.7k to 193.1k. Continued Claims declined to 1.833mln from 1.864mln, below the 1.86mln consensus, while unadjusted continued claims dropped by 50.4k to 2.15mln.
Tokyo CPI cools below BOJ’s target for first time since 2024
Tokyo core CPI slowed to 1.8% Y/Y in February—the weakest since October 2024—amid utility subsidies from Prime Minister Sanae Takaichi, slightly above the 1.7% forecast. However, core inflation excluding energy held at 2.5%, staying above the Bank of Japan’s 2% target and highlighting persistent underlying price pressures.
Thai MPI beats expectations on auto and electronics strength
The Thai manufacturing production index stood at 101.58 in January 2026, expanding by 1.46% year-on-year and increasing by 6.91% from December 2025. The growth was driven by continued expansion in automobile production to offset electric vehicle imports, sustained growth in industrial exports, and post-election activities that supported demand for goods and services across various industries. For 2026, MPI and industrial GDP are projected to grow by 1.5–2.5%. Meanwhile, the capacity utilization rate rose to 60.07% in January 2026 from 57.88% in December 2025.
Dollar firms on wave of risk-off developments
The 10-year government bond yield (interpolated) on the previous trading day was 1.720, -8.41 bps. The benchmark government bond yield (LB365A) was 1.75, -6.00 bps. Meantime, the latest closed US 10-year bond yields was 4.02, -3.0 bps. USDTHB on the previous trading day closed around 31.07, moving in a range of 31.09 – 31.13 this morning. USDTHB could be closed between 31.07 – 31.27 today. The dollar was slightly firmer amid subdued risk sentiment, as investors showed limited enthusiasm following earnings from NVIDIA and as optimism faded over preparations for a potential Donald Trump–Xi Jinping summit, while a relatively light data calendar saw jobless claims come in lower than expected; meanwhile, the euro briefly slipped below the 1.1800 handle before rebounding, with remarks from Christine Lagarde having little market impact as she reiterated the ECB’s data-dependent, meeting-by-meeting stance, the British pound underperformed on renewed credit concerns following the collapse of UK lender MFS and reports of exposure among major banks, and the Japanese yen edged slightly stronger in choppy trade as USD/JPY hovered around 156.00 ahead of key Japanese releases including Tokyo CPI.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
