- USDTHB: moving in the range 32.30 – 32.34 this morning, supportive level at 32.20 resistance level at 32.40
- SET Index: 1,500.36 (-0.48%), 8 May 2026
- S&P 500 Index: 7,398.93 (+0.84%), 8 May 2026
- Thai 10-year government bond yield (interpolated): 2.155 (-1.16 bps), 8 May 2026
- US 10-year treasury yield: 4.38 (-3.00 bps), 8 May 2026
- US-Iran peace talks hit wall as Trump rejects Tehran response
- NFP beats expectations, while the unemployment rate remains unchanged
- China exports jump 14.1% as AI boom outpaces war disruptions
- Thailand AI-Linked firm under scrutiny in alleged Nvidia chip diversion case
- Dollar strengthens as Trump calls Iran peace offer “unacceptable”
US-Iran peace talks hit wall as Trump rejects Tehran response
According to the WSJ, Iran responded to the latest US peace proposal but rejected key American demands, including dismantling its nuclear facilities and a long-term uranium enrichment freeze. Iranian state media, in contrast, said the US terms amounted to surrender, while Tehran reportedly demanded sanctions relief, release of frozen assets, war compensation, and recognition of its control over the Strait of Hormuz. In response, US President Donald Trump called Iran’s reply “TOTALLY UNACCEPTABLE!” and accused Tehran of deceiving the US for decades.
NFP beats expectations, while the unemployment rate remains unchanged
The US labour market delivered a solid but mixed report in April, adding 115k jobs—above the 73k forecast but below March’s revised 185k gain. Job growth was led by healthcare, transportation and warehousing, and retail, while federal government employment continued to decline. The unemployment rate held steady at 4.3%, though the participation rate edged down to 61.8% and the U-6 underemployment rate rose to 8.2%. Wage growth came in slightly soft month-on-month at 0.2% but ticked up year-on-year to 3.6%.
China exports jump 14.1% as AI boom outpaces war disruptions
China’s export growth rebounded more strongly than expected despite shipping disruptions linked to the Iran conflict, as surging trade volumes were supported by an investment boom in artificial intelligence. Exports increased 14.1% year-on-year in April, well above the median forecast of 8.4% and a 2.5% rise in March. Imports also climbed 25.3%, resulting in a trade surplus of $84.82 billion.
Thailand AI-Linked firm under scrutiny in alleged Nvidia chip diversion case
A Thailand-based company linked to the AI sector is under US scrutiny over allegations it may have helped facilitate the diversion of Super Micro Computer Inc. servers containing advanced Nvidia chips into China, with Alibaba cited as an end user, according to Bloomberg citing people familiar with the matter. US prosecutors, in a March filing, described an alleged scheme involving Super Micro’s co-founder, a Southeast Asian intermediary, and brokers used to bypass export controls, identifying the unnamed “Company-1” as Bangkok-based OBON Corp.
Dollar strengthens as Trump calls Iran peace offer “unacceptable”
The 10-year government bond yield (interpolated) on the previous trading day was 2.155, -1.16 bps. The benchmark government bond yield (LB365A) was 2.14, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.38, -3.0 bps. USDTHB on the previous trading day closed around 32.24, moving in a range of 32.30 – 32.34 this morning. USDTHB could be closed between 32.20 – 32.40 today. The dollar weakened against G10 currencies as falling oil prices and softer US yields outweighed a stronger-than-expected non-farm payrolls report on Friday. However, it rebounded in early Asian trade on Monday as renewed US–Iran tensions and a fragile ceasefire boosted safe-haven demand for the US dollar.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
