- USDTHB: moving in the range 33.30 – 33.32 this morning, supportive level at 33.15 resistance level at 33.45
- SET Index: 1,578.66 (-0.78%), 15 Sep 2026
- S&P 500 Index: 7,585.73 (-0.45%), 15 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.392 (+2.84 bps), 15 Sep 2026
- US 10-year treasury yield: 5.00 (+3.00 bps), 15 Sep 2026
- Oil jumps on rising Middle East supply risks
- Empire State survey signals softer growth and sticky inflation
- Japan exports stay strong on semiconductor demand
- UK jobs market weakens further ahead of BOE decision
- China economic activity remains uneven
- Dollar strengthens on risk-off sentiment ahead of FOMC
Oil jumps on rising Middle East supply risks
Oil prices surged amid mounting geopolitical and supply concerns. Saudi Arabia reportedly cancelled some September crude cargoes to European refiners and suspended loadings at the key Yanbu port following an attack on the East-West pipeline, although US officials expect operations to resume within days. Supply concerns were compounded by disruptions at Russian refineries following Ukrainian drone strikes and temporary shutdowns at three Libyan oil fields.
Empire State survey signals softer growth and sticky inflation
Meanwhile, the NY Fed Manufacturing survey showed softer activity but resilient labour demand and rising price pressures. In a separate report, US private-sector employment increased by 16.25K in the latest weekly ADP reading, accelerating from 12K previously and pointing to a modest pickup in hiring momentum.
Japan exports stay strong on semiconductor demand
Japan’s export growth remained robust in August, rising 19.3% YoY, above expectations of 18.4%, though moderating from 23.2% in July. Growth was driven by strong semiconductor and chipmaking equipment shipments. Meanwhile, imports jumped 28%, exceeding expectations, partly reflecting elevated oil prices and a weak yen, with the value of oil imports rising nearly 60%.
UK jobs market weakens further ahead of BOE decision
UK labor market conditions weakened further in August, with payrolls falling by 26,000, vacancies hitting a five-year low, and unemployment holding at 4.9%. The data point to continued cooling in hiring and rising redundancies, adding to growth concerns ahead of the BOE meeting, although higher energy prices remain a key inflation risk that could support further rate hikes.
China economic activity remains uneven
China’s economic activity remained uneven in August, with industrial production rising 5.2% y/y, above expectations of 4.8% and accelerating from 4.5% in July, supported by strong overseas demand for electronics, batteries and networking equipment. However, domestic demand remained weak, with fixed-asset investment falling 7.2% YTD, worse than expected, while retail sales growth slowed to just 0.4% y/y, underscoring subdued consumer spending despite policy support. Meanwhile, China’s housing market remained under pressure in August.
Dollar strengthens on risk-off sentiment ahead of FOMC
The 10-year government bond yield (interpolated) on the previous trading day was 2.392, +2.84 bps. The benchmark government bond yield (LB365A) was 2.35, +4.00 bps. Meantime, the latest closed US 10-year bond yields was 5.00, +3.0 bps. USDTHB on the previous trading day closed around 33.27, moving in a range of 33.30 – 33.32 this morning. USDTHB could be closed between 33.15 – 33.45 today. The dollar strengthened against most G10 peers as risk-off sentiment, surging oil prices and higher US yields boosted demand ahead of the FOMC decision, with markets leaning toward a 25bp hike. The euro was little changed, while the British pound edged lower ahead of UK inflation data. The Japanese yen underperformed, with USD/JPY rising above 155 as higher US yields and oil prices weighed on the currency.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
