- USDTHB: moving in the range 32.59 – 32.61 this morning, supportive level at 32.50 resistance level at 32.70
- SET Index: 1,553.36 (+0.20%), 26 May 2026
- S&P 500 Index: 7,519.12 (+0.61%), 26 May 2026
- Thai 10-year government bond yield (interpolated): 2.343 (-1.25 bps), 26 May 2026
- US 10-year treasury yield: 4.50 (-6.00 bps), 26 May 2026
- US-Iran talks progress amid lingering geopolitical risks
- Consumer confidence edges down but exceeds expectations
- BOJ deputy chief underlines proper policy as key for bond yields
- Dollar firmer as geopolitical risks drive volatility across majors
US-Iran talks progress amid lingering geopolitical risks
The US continued to signal optimism over ongoing negotiations with Iran, highlighting progress toward a potential agreement aimed at ending the conflict and restoring stability to the region. The proposed framework reportedly includes extending the ceasefire, reopening the Strait of Hormuz, easing sanctions, and releasing frozen Iranian assets, although key issues surrounding Iran’s nuclear program and the sequencing of sanctions relief remain unresolved. Despite the diplomatic momentum, tensions on the ground remained elevated, with fresh overnight exchanges between US and Iranian forces underscoring the fragile nature of the talks. Uncertainty surrounding security in the Strait of Hormuz — a critical artery for global oil shipments — also persisted, keeping energy markets on edge amid concerns that any renewed escalation could disrupt supply flows and derail negotiations.
Consumer confidence edges down but exceeds expectations
The conference board’s US consumer confidence index eased to 93.1 in May (vs. 92 expected), down from an upwardly revised 93.8 in April, reflecting softer current conditions despite an improvement in expectations. The expectations index rose to 74.4 from 71.9, while the present situation index slipped to 121.2 from 123. Labour market indicators weakened further, with the share of respondents saying jobs are “hard to get” falling to 18.6% from 19.8%, while the labour market differential declined to 6.9.
BOJ deputy chief underlines proper policy as key for bond yields
Bank of Japan Deputy Governor Ryozo Himino emphasized the need for timely policy adjustments to maintain market confidence amid a recent government bond selloff, signaling openness to near-term rate hikes as officials stress accountability to financial markets. Meanwhile, Prime Minister Sanae Takaichi cautiously signaled a preference for steady policy to help cushion the economy from the impact of the Iran war.
Dollar firmer as geopolitical risks drive volatility across majors
The 10-year government bond yield (interpolated) on the previous trading day was 2.343, -1.25 bps. The benchmark government bond yield (LB365A) was 2.34, -1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.50, -6.0 bps. USDTHB on the previous trading day closed around 32.60, moving in a range of 32.59 – 32.61 this morning. USDTHB could be closed between 32.50 – 32.70 today. The US dollar ended firmer as geopolitical developments dominated price action, with the index initially gapping lower before reversing higher after Iran condemned overnight US strikes as a ceasefire violation and warned of retaliation. The euro briefly benefited from early dollar weakness and hawkish ECB commentary from Schnabel, who backed a June rate hike and warned inflation shocks cannot be ignored, though it later gave back gains as risk aversion returned. The British pound slipped after failing to hold 1.3500 amid light domestic catalysts, while the Japanese yen weakened past 159 as higher oil prices and risk-off flows supported the dollar; BoJ Deputy Governor Himino’s comments on geopolitical risks reinforcing the case for policy normalisation kept expectations of a June hike near 80%.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
