- USDTHB: moving in the range 31.875 – 31.99 this morning, supportive level at 31.75 resistance level at 32.00
- SET Index: 1,407.34 (+0.11%), 11 Mar 2026
- S&P 500 Index: 6,775.80 (-0.08%), 11 Mar 2026
- Thai 10-year government bond yield (interpolated): 1.934 (+0.08 bps), 11 Mar 2026
- US 10-year treasury yield: 4.21 (+6.0 bps), 11 Mar 2026
- IEA release fails to curb oil rally as Iraq halts ports
- Donald Trump says Iran war could end soon
- US CPI meets expectations, overshadowed by Iran war
- Thai cargo ship hit near Strait of Hormuz
- Dollar strengthens on higher yields and rising oil prices
IEA release fails to curb oil rally as Iraq halts ports
The International Energy Agency agreed to release 400 million barrels from emergency oil reserves—its largest-ever coordinated draw—to curb a price surge driven by the Middle East conflict. The decision was unanimous, with countries including Japan, United Kingdom, Germany, France, and South Korea outlining their contributions, while the United States plans to release 172 million barrels. However, the move failed to calm the rally after Iraq halted operations at its oil ports following attacks on two tankers, overshadowing the record emergency supply release.
Donald Trump says Iran war could end soon
Donald Trump said the US could strike additional targets in Iran if needed, claiming US forces have already destroyed most of Iran’s mine-laying vessels and are hitting the country “very hard.” He added that the Strait of Hormuz remains safe for shipping and said he is not concerned about Iran-backed domestic attacks.
US CPI meets expectations, overshadowed by Iran war
US CPI rose 0.27% M/M in headline terms and 0.22% M/M in core, both broadly in line with expectations, leaving annual rates unchanged at 2.4% and 2.5% respectively. Core goods prices were largely steady while core services cooled, offering some relief for Fed officials watching services inflation closely, although super core edged higher. Overall, inflation remains somewhat sticky, and while the report is unlikely to shift the Fed’s near-term stance, analysts flag upside risks from rising oil prices, Middle East tensions, and potential supply chain disruptions around the Strait of Hormuz, with some expecting core PCE to remain firm in the near term.
Thai cargo ship hit near Strait of Hormuz
A Thai-flagged cargo vessel, Mayuree Naree, a 30,000-dwt bulk carrier owned by Precious Shipping, was struck near the Strait of Hormuz on Wednesday shortly after departing the United Arab Emirates. Oman’s navy rescued 20 crew members who abandoned the vessel and brought them ashore in Khasab, while efforts continue to locate three others. The incident is under investigation and comes after the United Kingdom Royal Navy reported that three ships were struck by suspected projectiles in the Strait of Hormuz and the Persian Gulf earlier the same day.
Dollar strengthens on higher yields and rising oil prices
The 10-year government bond yield (interpolated) on the previous trading day was 1.934, +0.08 bps. The benchmark government bond yield (LB365A) was 1.94, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.21, +6.0 bps. USDTHB on the previous trading day closed around 31.58, moving in a range of 31.875 – 31.99 this morning. USDTHB could be closed between 31.75 – 32.00 today. The dollar strengthened on the back of higher Treasury yields and firmer oil prices, with markets pushing expectations for the first Fed rate cut to December after US CPI came in as expected. The euro weakened against the stronger dollar despite mixed ECB commentary. Meanwhile, the Japanese yen declined, with USD/JPY rising toward 159.00 amid the uptick in US yields and oil prices.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
