- USDTHB: moving in the range 32.49 – 32.54 this morning, supportive level at 32.30 resistance level at 32.70
- SET Index: 1,480.20 (+0.07%), 28 Apr 2026
- S&P 500 Index: 7,138.80 (-0.49%), 28 Apr 2026
- Thai 10-year government bond yield (interpolated): 2.151 (+0.33 bps), 28 Apr 2026
- US 10-year treasury yield: 4.36 (+1.00 bps), 28 Apr 2026
- There is little progress on the geopolitical situation
- ECB says consumer inflation expectations jump in March
- BOJ keeps rates steady but 3 board members call for hike
- UAE quits OPEC as war disrupts oil markets and gulf tensions rise
- Thailand sees weaker growth, higher inflation on middle east tensions
- US dollar edges higher on geopolitical tensions and rising energy prices
There is little progress on the geopolitical situation
Donald Trump said Iran wants the Strait of Hormuz reopened “as soon as possible” and described the country as being in a “state of collapse,” with a revised proposal expected soon, according to CNN. Meanwhile, a Japanese-linked supertanker has transited the strait, while Saudi Aramco has reportedly suspended LPG shipments through May due to damage at a key export facility.
ECB says consumer inflation expectations jump in March
Euro-area inflation expectations rose broadly in March, raising concerns for the European Central Bank amid spillovers from the Iran conflict. One-year expectations jumped to 4.0% from 2.5%, while three-year expectations rose to 3.0% and five-year expectations edged up to 2.4%.
BOJ keeps rates steady but 3 board members call for hike
Bank of Japan kept its policy rate at 0.75%, as expected, though the vote split 6–3 with three members calling for a hike to 1.00% on inflation risks. The BoJ raised its inflation forecasts but cut GDP projections, while Governor Kazuo Ueda offered little guidance on a near-term rate hike despite the hawkish dissent.
UAE quits OPEC as war disrupts oil markets and gulf tensions rise
The United Arab Emirates announced it will leave the Organization of the Petroleum Exporting Countries and OPEC+ on May 1, with plans to increase output gradually in line with market conditions. The UAE Energy Minister said the decision is not intended to shock or disrupt oil supply.
Thailand sees weaker growth, higher inflation on middle east tensions
Ministry of Finance (Thailand) cut its 2026 growth forecast to 1.6% from 2.0%, citing the Iran conflict’s impact on prices and demand, with GDP now seen at 1.1–2.1%. Tourism arrivals were also lowered to 33.5 million amid Middle East tensions and regional competition. Private consumption is expected to slow, while investment weakens, though public spending growth should pick up. Inflation is projected to average 3%, at the top end of the central bank’s target range.
US dollar edges higher on geopolitical tensions and rising energy prices
The 10-year government bond yield (interpolated) on the previous trading day was 2.151, +0.33 bps. The benchmark government bond yield (LB365A) was 2.15, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.36, +1.0 bps. USDTHB on the previous trading day closed around 32.47, moving in a range of 32.49 – 32.54 this morning. USDTHB could be closed between 32.30 – 32.70 today. The dollar rose higher amid rising energy prices and renewed geopolitical tensions, with reports suggesting Donald Trump is unlikely to accept the latest Iran plan while CNN reports Tehran may soon submit a revised proposal. The index peaked at 98.87 before easing to 98.64 ahead of the Federal Reserve meeting, where rates are expected to be held steady. Data from the Conference Board showed improved April consumer confidence. The euro recovered on firmer inflation signals from the ECB, and the yen’s gains were limited after Governor Kazuo Ueda offering little support for a near-term hike.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
