- USDTHB: moving in the range 32.53 – 32.62 this morning, supportive level at 32.40 resistance level at 32.70
- SET Index: 1,448.14 (-0.10%), 31 Mar 2026
- S&P 500 Index: 6,528.52 (+2.91%), 31 Mar 2026
- Thai 10-year government bond yield (interpolated): 2.208 (-8.41 bps), 31 Mar 2026
- US 10-year treasury yield: 4.30 (-5.00 bps), 31 Mar 2026
- US and Iran signal war could end soon as Trump sets 2–3 week exit timeline
- US economic data beats expectations but has limited impact on market sentiment
- Eurozone inflation hits 2.5% on Iran-driven energy spike
- China PMI rises despite oil price pressures
- Thai PM Anutin gets cabinet approval, keeps core economic team
- Dollar slides as Middle East de-escalation hopes boost risk sentiment
US and Iran signal war could end soon as Trump sets 2–3 week exit timeline
US President Donald Trump told reporters at the White House that he expects the war with Iran to end within 2–3 weeks, saying most US military objectives have been met and there’s no reason to continue. He stressed that preventing Iran from acquiring nuclear weapons has been achieved, and his team indicated reopening the Strait of Hormuz may no longer be required. Meanwhile, Iranian President Masoud Pezeshkian told European Parliament President Antonio Costa that Iran is determined to end the war but seeks guarantees to prevent future aggression.
US economic data beats expectations but has limited impact on market sentiment
February job openings fell to 6.89M from a revised 7.24M, slightly above expectations, while the vacancy rate declined to 4.2% and the quits rate eased to 1.9%. Meanwhile, consumer confidence ticked up to 91.8 in March from 91.0, beating expectations, as the Present Situation Index rose to 123.3 while the Expectations Index slipped to 70.9.
Eurozone inflation hits 2.5% on Iran-driven energy spike
Eurozone inflation surged to its highest level since 2022 as the Iran conflict drove energy costs up, reinforcing expectations that the ECB may need to hike rates. Consumer prices rose 2.5% year-on-year in March, up from 1.9% in February and just below the 2.6% median forecast. Meanwhile, core inflation unexpectedly eased to 2.3%, with the services inflation gauge also slowing.
China PMI rises despite oil price pressures
China’s PMI exceeds expectations in March, signaling growth in both manufacturing and services. Manufacturing PMI rose to 50.4 from February’s 49.0 (expected 50.1), while non-manufacturing PMI climbed to 50.1 from 49.5 (expected 49.9). Factories faced a sharp rise in input costs, marking early signs of Middle East conflict spillovers affecting profits.
Thai PM Anutin gets cabinet approval, keeps core economic team
Thailand’s new cabinet won royal approval, with PM Anutin Charnvirakul keeping his key economic team. Meanwhile, the central bank signaled a wait-and-see approach, noting rate cuts are unlikely to counter the Middle East-driven oil shock but leaving room for tightening if inflation persists.
Dollar slides as Middle East de-escalation hopes boost risk sentiment
The 10-year government bond yield (interpolated) on the previous trading day was 2.208, -8.41 bps. The benchmark government bond yield (LB365A) was 2.19, -11.00 bps. Meantime, the latest closed US 10-year bond yields was 4.30, -5.0 bps. USDTHB on the previous trading day closed around 32.88, moving in a range of 32.53 – 32.62 this morning. USDTHB could be closed between 32.40 – 32.70 today. The US dollar weakened as improved risk sentiment was driven by optimism that the Iran conflict could end sooner. Meanwhile, economic data had limited impact on FX market. Against this backdrop, the euro strengthened and moved back above 1.1500 despite softer Eurozone inflation data, the British pound traded unevenly but managed modest gains after briefly dipping below 1.3200, and the Japanese yen benefited from the softer dollar, pushing USD/JPY back below 159.00.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
