- USDTHB: moving in the range 32.98 – 33.02 this morning, supportive level at 32.80 resistance level at 33.10
- SET Index: 1,442.92 (-1.03%), 26 Mar 2026
- S&P 500 Index: 6,477.16 (-1.74%), 26 Mar 2026
- Thai 10-year government bond yield (interpolated): 2.229 (+4.38 bps), 26 Mar 2026
- US 10-year treasury yield: 4.42 (+9.00 bps), 26 Mar 2026
- Trump reverses early optimism before extends pause on strikes
- US initial jobless claims edge higher
- OECD says Iran war wipes out growth upgrade, boosts inflation risks
- Thailand fuel prices surge 22% after subsidy cuts
- Dollar strengthens on rising oil prices and yields
Trump reverses early optimism before extends pause on strikes
Trump’s latest updates have once again contradicted the initial optimism generated by his Monday announcement. However, he later declared a 10-day extension of the pause on attacks against Iranian energy facilities. A separate report, according to the WSJ, Trump is considering deploying up to 10,000 additional troops to the Middle East to expand military options while weighing talks with Tehran. The move would reinforce Marines and 82nd Airborne Division forces already heading to the region, with potential positioning near Iran, including Kharg Island.
US initial jobless claims edge higher
Initial jobless claims rose to 210k from 205k, matching expectations, while the four-week average edged down to 210.5k. Unadjusted claims fell by 5k (vs. a 9k expected drop). Continued claims declined to 1.819M, below the 1.86M forecast. Overall, analysts says the data suggests a stable labor market with low layoffs, though ongoing conflict adds vulnerability.
OECD says Iran war wipes out growth upgrade, boosts inflation risks
The OECD warned that the Middle East conflict is reviving inflation fears and slowing the global economy. In its updated outlook, the Paris-based organization sharply raised forecasts: G20 inflation is now expected at 4% in 2026, with US headline inflation at 4.2%, up 1.2 points from December projections. Global GDP growth is projected to ease from 3.3% last year to 2.9% in 2026 before edging up to 3.0% in 2027, as higher energy prices and conflict uncertainty offset gains from technology investment, lower tariffs, and 2025 momentum.
Thailand fuel prices surge 22% after subsidy cuts
The government cut fuel subsidies amid soaring global oil costs, triggering Thailand’s biggest price hike in decades. Gasoline jumped 14–22% and diesel 18%. Meanwhile, the Bank of Thailand issued an open letter to Ministry of Finance, noting that rising oil prices could bring inflation back into the central bank’s target range sooner than expected.
Dollar strengthens on rising oil prices and yields
The 10-year government bond yield (interpolated) on the previous trading day was 2.229, +4.38 bps. The benchmark government bond yield (LB365A) was 2.24, +4.00 bps. Meantime, the latest closed US 10-year bond yields was 4.42, +9.0 bps. USDTHB on the previous trading day closed around 32.79, moving in a range of 32.98 – 33.02 this morning. USDTHB could be closed between 32.80 – 33.10 today. The US dollar strengthened on higher oil prices and rising yields, reversing earlier optimism sparked by Donald Trump’s announcement, though it briefly wobbled late after he extended the pause on strikes against Iranian energy sites. The euro softened as geopolitical tensions dominated, with Christine Lagarde warning Europe faces a real shock and that markets may be overly optimistic. The British pound weakened amid choppy trading, with limited reaction to Bank of England commentary, as Alan Taylor signaled a high bar for rate hikes and low risk of unanchored inflation given a weakening labour market. Meanwhile, the Japanese yen steadily lost ground against the stronger dollar as oil prices climbed.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
