- USDTHB: moving in the range 32.89 – 32.93 this morning, supportive level at 32.80 resistance level at 33.00
- SET Index: 1,572.50 (-0.79%), 19 June 2026
- S&P 500 Index: 7,500.58 (+1.08%), 18 June 2026
- Thai 10-year government bond yield (interpolated): 2.103 (+1.14 bps), 19 June 2026
- US 10-year treasury yield: 4.46 (-3.00 bps), 18 June 2026
- US–Iran talks remain uncertain, renewing ceasefire and market risks
- US weighs $80bn supplemental spending plan
- UK retail sales rose 1.2% in May, beating forecasts
- Starmer on the brink with resignation plan expected
- Dollar remains firm, supported by Fed hawkishness and residual geopolitical risks
US–Iran talks remain uncertain, renewing ceasefire and market risks
Talks on a permanent deal that were scheduled for Friday in Switzerland have been delayed. Israel and Iran-backed Hezbollah militants clashed in Lebanon, a development that was behind the meeting’s postponement. Traffic through the Strait of Hormuz appeared to thin on Friday, just a day after a burst in flows through the waterway. Meanwhile, Tehran said ships that cross the strait need its permission. During the weekend, US–Iran talks began in Switzerland on Sunday after US Vice President Vance and Iran’s delegation, led by chief negotiator Ghalibaf and Foreign Minister Araghchi, arrived for negotiations, with Pakistan’s Prime Minister Sharif and military chief Munir also joining the discussions. Despite conflicting reports, US-Iran negotiations in Switzerland appear to be continuing. The talks focus on Iran’s nuclear program and reopening the Strait of Hormuz, even as renewed threats from Donald Trump and reports from Iranian media suggested a possible setback. Sources close to the discussions, however, said the talks remain on track.
US weighs $80bn supplemental spending plan
The US Department of Defense reportedly requires around $80 billion in additional funding to cover costs linked to the Iran conflict and other priorities, according to the Wall Street Journal. Deputy Defense Secretary Stephen Feinberg has briefed lawmakers on the funding needs, with a broader supplemental spending package potentially submitted to Congress soon that may also include support for agriculture programs and disaster relief. Although the proposal still needs congressional approval, investors are monitoring the developments as a sizable fiscal package could affect the federal deficit, Treasury issuance needs, and interest rate expectations.
UK retail sales rose 1.2% in May, beating forecasts
UK retail sales rebounded in May as consumers increased spending, with warmer weather boosting demand for summer-related goods such as fans and paddling pools. Retail sales volumes rose 1.2% m/m, beating expectations of a 0.5% gain, while April’s decline was revised to 1.0% from 1.3%.
Starmer on the brink with resignation plan expected
Burnham, the Greater Manchester mayor, secured a decisive victory in a parliamentary by-election, winning 54.8% of the vote, and his return to Parliament has fueled speculation that he could challenge Starmer for the Labour leadership. In a separate report, UK Prime Minister Sir Keir Starmer is expected to announce a timetable for his resignation as soon as Monday.
Dollar remains firm, supported by Fed hawkishness and residual geopolitical risks
The 10-year government bond yield (interpolated) on the previous trading day was 2.103, +1.14 bps. The benchmark government bond yield (LB365A) was 2.08, +1.00 bps. Meantime, the latest closed US 10-year bond yields was 4.46, -3.0 bps. USDTHB on the previous trading day closed around 32.86, moving in a range of 32.89 – 32.93 this morning. USDTHB could be closed between 32.80 – 33.00 today. The US dollar index is broadly flat as traders take profit following the recent rally. No economic data were released on Friday due to the Juneteenth National Independence Day holiday. On Monday, in the Asian session, the index was generally firmer against both major and Asian currencies, supported by hawkish Fed expectations and elevated US yields, alongside residual safe-haven demand amid ongoing uncertainty surrounding US–Iran tensions and the Strait of Hormuz.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
