- USDTHB: moving in the range 32.30 – 32.35 this morning, supportive level at 32.25 resistance level at 32.45
- SET Index: 1,489.29 (-0.74%), 11 May 2026
- S&P 500 Index: 7,412.84 (+0.19%), 11 May 2026
- Thai 10-year government bond yield (interpolated): 2.161 (+0.57 bps), 11 May 2026
- US 10-year treasury yield: 4.42 (+4.00 bps), 11 May 2026
- Geopolitical tensions persist as talks stall
- Japan’s households cut spending even as wages kept growing
- China CPI, PPI beat forecasts amid rising cost pressures
- Thailand opposition challenges 400 billion baht borrowing plan
- Dollar trades mixed amid uncertainty over middle east tensions
Geopolitical tensions persist as talks stall
Geopolitical tensions remain elevated as reports indicate Trump is scheduled to meet with his national security team to discuss the next steps on Iran, including the possibility of renewed military action. At the same time, Iran has warned it is prepared to retaliate against any aggression and remains open to “all options.” Market focus is now on whether Trump will move forward with military action following the latest breakdown in negotiations, although some reports suggest a final decision could be delayed until after his return from China later this week.
Japan’s households cut spending even as wages kept growing
Japan’s household spending declined for a fourth consecutive month in March, with the data showing a larger-than-expected drop in consumer demand. Household spending fell 2.9% year-on-year, significantly worse than the market forecast for a 1.3% decline, while on a seasonally adjusted monthly basis, spending decreased 1.3%, compared with expectations for a 0.6% increase.
China CPI, PPI beat forecasts amid rising cost pressures
China’s inflation data showed stronger-than-expected price pressures in April, with producer prices rising to a 45-month high and consumer inflation also picking up amid elevated global energy costs. The producer price index (PPI) climbed 2.8% year-on-year, well above the 1.6% forecast, extending its recovery after ending a 41-month decline in March. Meanwhile, the consumer price index (CPI) rose 1.2% compared to expectations of a 0.9% increase, up from 1% in the prior month.
Thailand opposition challenges 400 billion baht borrowing plan
Thailand’s opposition has sought a court ruling on PM Anutin Charnvirakul’s plan to borrow 400 billion baht to address Middle East fallout and living costs, arguing economic conditions don’t justify it. The government aims to spend 200 billion baht on the shift to renewable energy, which has also drawn criticism.
Dollar trades mixed amid uncertainty over middle east tensions
The 10-year government bond yield (interpolated) on the previous trading day was 2.161, +0.57 bps. The benchmark government bond yield (LB365A) was 2.14, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.42, +4.0 bps. USDTHB on the previous trading day closed around 32.42, moving in a range of 32.30 – 32.35 this morning. USDTHB could be closed between 32.25 – 32.45 today. The dollar traded mixed against major G10 currencies at the start of the week as markets focused mainly on escalating Middle East tensions. Reports on Monday indicated he was meeting with his national security team to consider next steps in the conflict, including the possibility of renewed military action after talks with Iran stalled. Meanwhile, the euro was broadly unchanged against the dollar and remained confined around the 1.17 level amid limited news from the eurozone. The British pound slipped slightly following an underwhelming speech by PM Starmer that failed to reassure Labour MPs, prompting growing internal pressure for a timetable for his departure. The Japanese yen also weakened, with USD/JPY returning to the 157 area as rising oil prices weighed on the Japanese currency.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
