- USDTHB: moving in the range 32.06 – 32.14 this morning, supportive level at 32.00 resistance level at 32.25
- SET Index: 1,489.66 (+0.31%), 9 Apr 2026
- S&P 500 Index: 6,824.63 (+0.62%), 9 Apr 2026
- Thai 10-year government bond yield (interpolated): 2.014 (-0.65 bps), 9 Apr 2026
- US 10-year treasury yield: 4.28 (-1.00 bps), 9 Apr 2026
- Ceasefire hopes persist but remain fragile
- US fourth-quarter GDP growth revised lower to a 0.5% rate
- PCE meets expectations but signals firming inflation ahead of energy-driven rise
- Thai central bank pledges long rate pause to support economy
- Dollar weakens but off intraday lows
Ceasefire hopes persist but remain fragile
Trump told NBC News he is “very optimistic” about a deal with Iran, though he later warned on social media over alleged Iranian fees in the Strait of Hormuz, insisting “this is not part of the deal.” Meanwhile, Netanyahu has decided to open direct talks with Lebanon focused on disarming Iran-backed Hezbollah, a move that prompted the US to host ceasefire talks next week. However, he insists ongoing strikes in Lebanon are not part of the US–Iran ceasefire deal, while Iranian President Masoud Pezeshkian called the attacks a “clear violation” that could render negotiations meaningless. Shipping in the Strait of Hormuz remains largely halted despite the ceasefire, with Iran reportedly limiting daily transits and requiring military approval for vessels.
US fourth-quarter GDP growth revised lower to a 0.5% rate
US economic growth slowed more than previously estimated in Q4, with GDP revised down to a 0.5% annualized rate from 0.7%, reflecting weaker business investment and inventories. Consumer spending was also trimmed to 1.9% from 2.0%, though corporate profits rose sharply.
PCE meets expectations but signals firming inflation ahead of energy-driven rise
February PCE is somewhat stale given it predates the US-Iran conflict, but was broadly in line with expectations, with headline and core both rising 0.4% m/m and y/y rates at 2.8% and 3.0%, respectively. Inflation was already firming ahead of the energy shock and is likely to rise further in March. While the dip in core is welcome, it remains well above the Fed’s 2% target, with strength driven by goods. Meanwhile, weaker income and softer spending suggest demand was already cooling, with further slowing likely in Q2, though some of the recent core strength may prove temporary.
Thai central bank pledges long rate pause to support economy
According to Governor Vitai Ratanakorn, the Bank of Thailand will keep interest rates at current levels “for as long as possible” to support the economy, as inflation is expected to accelerate due to Middle East-driven oil price shocks and supply disruptions. He said the central bank will “look through” the near-term spike and respond with targeted debt relief and credit support, while closely monitoring potential second-round effects.
Dollar weakens but off intraday lows
The 10-year government bond yield (interpolated) on the previous trading day was 2.014, -0.65 bps. The benchmark government bond yield (LB365A) was 2.02, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.28, -1.0 bps. USDTHB on the previous trading day closed around 32.06, moving in a range of 32.06 – 32.14 this morning. USDTHB could be closed between 32.00 – 32.25 today. US dollar is weaker but off intraday lows as ceasefire hopes between Israel and Lebanon fade, with focus turning to upcoming Washington talks despite ongoing disagreements. US data has little impact, with February PCE in line and Q4 GDP revised lower, while claims data is mixed. The euro is supported and briefly approaches 1.1700, the British pound edges above 1.3400 with limited follow-through, and the Japanese yen underperforms, with USD/JPY reclaiming 159.00 amid a rebound in oil prices.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
