- USDTHB: moving in the range 32.07 – 32.13 this morning, supportive level at 31.90 resistance level at 32.20
- SET Index: 1,485.03 (+1.41%), 8 Apr 2026
- S&P 500 Index: 6,782.81 (+2.51%), 8 Apr 2026
- Thai 10-year government bond yield (interpolated): 2.021 (-10.18 bps), 8 Apr 2026
- US 10-year treasury yield: 4.29 (-4.00 bps), 8 Apr 2026
- US‑Iran ceasefire deal remains fragile as tensions persist
- Fed minutes show officials saw two-sided risks from Iran war
- April’s first US treasury auctions attract stronger demand
- Euro area retail sales dip slightly in February amid rising price pressures
- Dollar weakens as a US–Iran ceasefire drives markets
US‑Iran ceasefire deal remains fragile as tensions persist
Despite the truce, uncertainty lingers over its durability, Iran says the ceasefire was breached within a day as fighting persists, highlighted by Israel’s largest strike on Hezbollah in Lebanon. The Strait of Hormuz remains mostly blocked, with ships stranded amid the fragile truce. Some progress could emerge this weekend as the US sends Vice President JD Vance to Pakistan for direct talks with Tehran. Nevertheless, markets retain a cautious risk-on tone, though off recent extremes.
Fed minutes show officials saw two-sided risks from Iran war
FOMC minutes showed near-unanimous support for holding the federal funds rate at 3.50–3.75%, with most officials saying it was too soon to assess the economic impact of Middle East tensions. Many indicated that rate cuts could become appropriate over time if inflation eases as expected, though some argued for balanced forward guidance that leaves room for hikes if inflation remains elevated. Policymakers also noted that a prolonged conflict could weaken the labour market enough to justify further easing, while persistently high oil prices might keep inflation elevated and warrant tighter policy.
April’s first US treasury auctions attract stronger demand
Early Treasury auctions drew solid investor demand, with 10-year and 3-year note sales showing yields near expectations, easing worries that Middle East tensions are deterring buyers or raising borrowing costs.
Euro area retail sales dip slightly in February amid rising price pressures
Euro area retail sales in February edged down slightly from the previous month but remain 1.7% higher than a year ago. Sales of food, drink, and tobacco fell 0.5%, non-food sales were unchanged, while automotive fuel sales rose 0.7%. With the US–Iran conflict likely to add price pressures in March, consumer spending could slow further, as economic uncertainty encourages households to be more cautious with their purchases.
Dollar weakens as a US–Iran ceasefire drives markets
The 10-year government bond yield (interpolated) on the previous trading day was 2.021, -10.18 bps. The benchmark government bond yield (LB365A) was 2.02, -10.00 bps. Meantime, the latest closed US 10-year bond yields was 4.29, -4.0 bps. USDTHB on the previous trading day closed around 32.07, moving in a range of 32.07 – 32.13 this morning. USDTHB could be closed between 31.90 – 32.20 today. The dollar weakened significantly, supporting global currencies as markets reacted to a US–Iran ceasefire despite conflicting details, with the overall theme driving price action. FOMC minutes reinforced a hawkish pause while noting balanced rate risks amid geopolitical uncertainty. The euro briefly rose above 1.1700 before easing back, with EU retail sales and PPI data largely in line with expectations. The British pound also gained on dollar weakness and cyclical strength but failed to hold above 1.3400. The Japanese yen benefited from the softer dollar and declining oil prices, pushing USD/JPY toward 158.00 before stabilizing, while Japanese news remained limited aside from reports of the Prime Minister urging Iran to ensure safe passage through the Strait of Hormuz.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
