- USDTHB: moving in the range 33.08 – 33.10 this morning, supportive level at 33.00 resistance level at 33.25
- SET Index: 1,604.52 (-0.65%), 11 Sep 2026
- S&P 500 Index: 7,656.98 (+0.86%), 11 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.346 (+3.03 bps), 11 Sep 2026
- US 10-year treasury yield: 4.96 (+1.00 bps), 11 Sep 2026
- Firm US inflation boosts Fed rate-hike bets
- Oil retreats, but Middle East tensions remain high
- Michigan consumer sentiment falls short of expectations
- UK economy shows resilience ahead of BoE decision
- Dollar reverses gains despite hawkish Fed repricing
Firm US inflation boosts Fed rate-hike bets
US headline CPI rose 0.4% MoM in August, matching expectations but accelerating from 0.1% in July, while the annual rate held at 3.4%, also in line with forecasts. Core CPI increased 0.3% MoM, above the 0.2% consensus, although the annual rate eased to 2.4% from 2.5% as expected. Underlying pressures remained firm, with super core services rising 0.5%, driven by sharp increases in wireless services, hotel rates and airfares. Energy prices also climbed 2.1%, while AI-related demand pushed computer equipment and software costs higher. The hotter core reading points to limited progress on disinflation and strengthens the case for a Fed hike this week, with markets also seeing a high probability of another increase by year-end.
Oil retreats, but Middle East tensions remain high
Crude prices fell on Friday, paring Thursday’s sharp gains on profit-taking and tentative diplomatic progress over shipping through the Strait of Hormuz. However, supply risks remained elevated after drone attacks forced Saudi Arabia to temporarily shut its 7mn bpd East–West pipeline, a vital alternative to the disrupted strait, while President Trump reportedly rejected a Saudi request to strike the Houthis. During the weekend, Oman announced that Monday’s planned meeting between Iran and Gulf nations to discuss a temporary shipping lane through the Strait of Hormuz had been postponed “in the interests of consensus.”
Michigan consumer sentiment falls short of expectations
The UoM consumer sentiment fell to 47.8 in September from 51.7, below the 51.0 forecast, as expectations for the outlook weakened sharply. Concerns over potentially higher interest rates and rising energy prices likely drove the decline. Inflation expectations also increased, with the one-year measure rising to 4.6% from 4.0% and the long-term measure edging up to 3.4% from 3.3%.
UK economy shows resilience ahead of BoE decision
UK GDP rose 0.4% MoM in July, beating expectations, as AI-related investment boosted technology and professional services. However, weakness in production and construction suggests underlying momentum remains uneven. The data are unlikely to change expectations for the BoE to hold rates this week.
Dollar reverses gains despite hawkish Fed repricing
The 10-year government bond yield (interpolated) on the previous trading day was 2.346, +3.03 bps. The benchmark government bond yield (LB365A) was 2.28, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 4.96, +1.0 bps. USDTHB on the previous trading day closed around 33.12, moving in a range of 33.08 – 33.10 this morning. USDTHB could be closed between 33.00 – 33.25 today. The dollar index ended broadly unchanged after reversing an initial CPI-driven rally, as hotter-than-expected monthly core inflation triggered a hawkish repricing across markets and lifted the probability of a 25bp Fed hike this week to around 90% from 70% beforehand. Several banks also revised their forecasts. However, the dollar subsequently erased its gains as Treasury yields retreated from their highs, despite no clear catalyst, leaving attention firmly on the FOMC decision. G10 FX was mixed, with the Japanese yen and the British pound outperforming, while the euro weakened. Strong UK GDP and manufacturing data supported sterling and strengthened the BoE hawks’ case, though they are unlikely to alter this week’s policy decision.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
