- USDTHB: moving in the range 31.53 – 31.57 this morning, supportive level at 31.45 resistance level at 31.75
- SET Index: 1,405.76 (+1.65%), 10 Mar 2026
- S&P 500 Index: 6,781.48 (-0.21%), 10 Mar 2026
- Thai 10-year government bond yield (interpolated): 1.934 (-9.82 bps), 10 Mar 2026
- US 10-year treasury yield: 4.15 (+3.0 bps), 10 Mar 2026
- Trump warns Iran against mining Hormuz
- IEA proposes largest ever oil stockpile release
- Chinese exports soared 22% before middle east war broke out
- Thailand urges state agencies to work from home to save fuel
- Dollar benefits from petrocurrency status as oil drives markets
Trump warns Iran against mining Hormuz
Reports indicated that US intelligence has begun to see signs that Iran may be taking steps to deploy naval mines in the Strait of Hormuz shipping lane, a move that would represent a significant escalation and pose further risks to global oil supply. The development triggered a bout of risk aversion in markets and prompted a stern warning from US President Donald Trump, who said that if Iran has placed any mines in the Strait, they must be removed immediately, warning that failure to do so would bring military consequences for Iran “at a level never seen before.”
IEA proposes largest ever oil stockpile release
The International Energy Agency is reportedly considering its largest-ever coordinated release of strategic oil reserves as governments seek to curb the surge in energy prices driven by escalating tensions in the Middle East, according to The Wall Street Journal. The proposal, discussed during an emergency meeting of energy officials on Tuesday, would exceed the 182 million barrels released in two phases in 2022 following the Russian invasion of Ukraine, potentially marking the biggest single release of oil reserves on record.
Chinese exports soared 22% before middle east war broke out
China’s export growth accelerated well beyond expectations in the first two months of the year, with shipments rising nearly 22% year over year. Imports also surged, climbing close to 20%, resulting in a trade surplus of about $214 billion — the largest ever recorded for this period.
Thailand urges state agencies to work from home to save fuel
Thailand has approved a temporary Work From Home (WFH) policy for most government agencies to reduce energy consumption amid rising global oil prices driven by Middle East tensions. The Cabinet also urged agencies to suspend non-essential overseas travel as part of broader energy-saving measures. Similar steps are emerging elsewhere, including in the Philippines, which has introduced a four-day workweek for public offices to curb fuel use.
Dollar benefits from petrocurrency status as oil drives markets
The 10-year government bond yield (interpolated) on the previous trading day was 1.934, -9.82 bps. The benchmark government bond yield (LB365A) was 1.92, -13.00 bps. Meantime, the latest closed US 10-year bond yields was 4.15, +3.0 bps. USDTHB on the previous trading day closed around 31.72, moving in a range of 31.53 – 31.57 this morning. USDTHB could be closed between 31.45 – 31.75 today. The dollar strengthened after a volatile session as oil prices swung sharply, with support coming from concerns that disruptions to shipping through the Strait of Hormuz could persist following a CBS report that US intelligence sees signs Iran may be preparing to deploy mines in the key shipping lane. Market focus remained on geopolitical and energy developments, while data had little impact and February CPI due Wednesday may take a backseat. The euro edged lower but held near 1.1600 amid ECB comments highlighting uncertainty around the Iran conflict and energy prices. Meanwhile, the Japanese yen softened with USD/JPY moving back toward 158.00 on a firmer dollar and higher US yields.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
