- USDTHB: moving in the range 32.78 – 32.81 this morning, supportive level at 32.65 resistance level at 32.90
- SET Index: 1,572.32 (+0.56%), 11 June 2026
- S&P 500 Index: 7,394.30 (+1.75%), 11 June 2026
- Thai 10-year government bond yield (interpolated): 2.264 (-2.58 bps), 11 June 2026
- US 10-year treasury yield: 4.45 (-10.00 bps), 11 June 2026
- Trump signals progress on Iran deal
- Mixed PPI keeps Fed outlook largely unchanged as underlying inflation remains sticky
- ECB hikes for first time since 2023 as inflation heats up
- Dollar slides as Trump signals progress in Iran talks, boosting risk appetite
Trump signals progress on Iran deal
President Trump signaled progress toward a potential deal with Iran and reportedly stepped back from previously threatened military action, boosting hopes for de-escalation despite Iranian and Israeli media disputing that a final agreement has been reached. Reports suggest key differences were narrowed through Qatari mediation, supporting expectations for a diplomatic breakthrough. The easing in geopolitical tensions sparked a broad risk-on move, sending oil prices lower, equities higher, and the dollar weaker. Earlier in the session, crude had been supported by Trump’s warning of potential military action against Iran and its oil infrastructure, though he later emphasized a preference for diplomacy and avoiding a ground conflict. Separately, reports that UAE and Iranian officials had met to help ease tensions further reinforced hopes for de-escalation.
Mixed PPI keeps Fed outlook largely unchanged as underlying inflation remains sticky
May’s PPI report delivered mixed signals, with a stronger-than-expected headline print offset by softer core inflation, although a reacceleration in supercore prices highlighted persistent underlying price pressures. While some PCE-related components were mixed, estimates suggest core PCE likely edged higher in May. Overall, the data are unlikely to materially shift Fed expectations, as inflation remains above target and the labor market continues to hold up. In a separate report, US initial jobless claims rose to 229k in the week ending June 6, up from 225k and above expectations of 219k, while continuing claims increased to 1.795 million from a revised 1.771 million. Although claims have trended higher in recent weeks, the increase was broadly in line with seasonal patterns and does not yet point to a meaningful deterioration in labour market conditions.
ECB hikes for first time since 2023 as inflation heats up
The ECB’s 25bp rate hike to 2.25% was widely expected, and both the policy statement and President Lagarde maintained a data-dependent, non-committal stance on further tightening. While the baseline projections show inflation returning to target by 2028, reducing the need for additional hikes, the adverse scenario still points to inflation remaining above target at the end of the forecast horizon, leaving the door open for further policy tightening. Market pricing was little changed following the meeting, continuing to imply roughly one additional hike by year-end.
Dollar slides as Trump signals progress in Iran talks, boosting risk appetite
The 10-year government bond yield (interpolated) on the previous trading day was 2.264, -2.58 bps. The benchmark government bond yield (LB365A) was 2.25, -3.00 bps. Meantime, the latest closed US 10-year bond yields was 4.45, -10.0 bps. USDTHB on the previous trading day closed around 32.92, moving in a range of 32.78 – 32.81 this morning. USDTHB could be closed between 32.65 – 32.90 today. The dollar weakened broadly as easing US-Iran tensions drove oil prices lower, supported bonds, and prompted markets to unwind Fed tightening bets. US data had little impact, with firmer headline PPI offset by softer core inflation and still-resilient labor market indicators. Against this backdrop, the euro gained as the ECB delivered a widely expected 25bp rate hike, the British pound rebounded above 1.3400 ahead of key UK data, and the Japanese yen slipped back below 160 as lower yields, softer oil prices, and improved risk sentiment weighed on the greenback.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
