- USDTHB: moving in the range 32.60 – 32.61 this morning, supportive level at 32.40 resistance level at 32.80
- SET Index: 1,465.72 (-0.36%), 2 Apr 2026
- S&P 500 Index: 6,582.69 (+0.11%), 2 Apr 2026
- Thai 10-year government bond yield (interpolated): 2.181 (+2.74 bps), 2 Apr 2026
- US 10-year treasury yield: 4.31 (-2.00 bps), 2 Apr 2026
- Trump’s address sparks renewed tensions
- Trump pushes new tariff wave on medicines and industrial metals
- Iran, Oman draft hormuz traffic protocol
- US initial jobless claims fall, surpassing forecasts
- The dollar rises on Trump’s comments
Trump’s address sparks renewed tensions
President Trump’s address largely reiterated recent messaging on the Middle East, offering little new clarity on a path toward de-escalation. That said, his rhetoric appears to have shifted—from emphasizing a timeline for winding down operations to signaling a more aggressive military escalation within that same window.
Trump pushes new tariff wave on medicines and industrial metals
The Trump administration is reportedly preparing a sweeping expansion of tariffs, including potential 100% duties on certain medicines to pressure pharmaceutical companies to shift manufacturing back to the US. At the same time, it is expected to overhaul steel and aluminium tariffs, with plans to apply a 25% duty on the full value of finished products—simplifying compliance but likely raising import costs—while maintaining a 50% tariff on commodity-grade steel and aluminium, with an executive order potentially arriving as early as this week.
Iran, Oman draft hormuz traffic protocol
Iran is reportedly moving to formalise control over traffic through the Strait of Hormuz by drafting a framework with Oman, while advancing plans to impose transit tolls on vessels. The proposed system would introduce stricter oversight of shipping, including potential permitting requirements and fees, signalling a shift toward a more structured and assertive approach to managing one of the world’s key energy chokepoints, with implications for global trade and oil flows.
US initial jobless claims fall, surpassing forecasts
Initial jobless claims (w/e Mar 28) fall to 202k from 210k, below expectations, with the four-week average also declining, while continued claims edge up to 1.841mln. Despite geopolitical risks, the data signal a stable labour market, with low layoffs offsetting subdued hiring.
The dollar rises on Trump’s comments
The 10-year government bond yield (interpolated) on the previous trading day was 2.181, +2.74 bps. The benchmark government bond yield (LB365A) was 2.18, +3.00 bps. Meantime, the latest closed US 10-year bond yields was 4.31, -2.0 bps. USDTHB on the previous trading day closed around 32.71, moving in a range of 32.60 – 32.61 this morning. USDTHB could be closed between 32.40 – 32.80 today. The dollar was supported following President Trump’s address, where he reaffirmed an aggressive stance on the conflict, warning of severe strikes on Iran over the next two to three weeks, including potential attacks on energy infrastructure, which dampened hopes of de-escalation and drove crude prices higher, reinforcing risk-off sentiment in FX markets and underpinning the dollar throughout the day. Meanwhile, the euro came under pressure from the stronger USD but pared some losses despite largely muted ECB commentary, as officials flagged economic slowdown risks and urged caution on rates. The British pound also weakened, briefly slipping below 1.3200 amid a lack of domestic catalysts and continued geopolitical focus, while the Japanese yen extended losses, returning to the 159.00 level as rising oil prices and dollar strength weighed further.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
