- USDTHB: moving in the range 33.25 – 33.28 this morning, supportive level at 33.15 resistance level at 33.45
- SET Index: 1,583.34 (+1.32%), 17 Sep 2026
- S&P 500 Index: 7,637.76 (+1.14%), 17 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.362 (-5.82 bps), 17 Sep 2026
- US 10-year treasury yield: 4.94 (-7.00 bps), 17 Sep 2026
- Oil slips despite persistent Middle East supply risks
- US expected to delay new tariffs ahead of Trump-Xi talks
- Japan core inflation eases ahead of BoJ decision
- BoE holds at 3.75% but warns inflation risks tilt further upside
- Dollar pares gains as Fed credibility weighs on yields
Oil slips despite persistent Middle East supply risks
Oil prices declined as de-escalation headlines outweighed persistent Middle East supply risks. China reportedly urged Iran to help restrain Houthi attacks, while Saudi Arabia asked Oman to pursue a two-week truce and Pakistan called on Iran to discourage attacks on Saudi energy facilities. Supply risks nevertheless remained elevated, with three pumping stations on Saudi Arabia’s East-West pipeline damaged in last week’s attack, while a Russian refinery in Yaroslavl halted crude processing following a drone strike.
US expected to delay new tariffs ahead of Trump-Xi talks
The US is expected to delay announcing new tariffs targeting excess manufacturing capacity until after the Trump-Xi summit, according to people familiar with the matter. The final tariff rate remains uncertain, though the previously expected level would bring Trump’s second-term tariffs on China back to around 20%.
Japan core inflation eases ahead of BoJ decision
Japan’s core CPI eased for the first time in four months to 1.7% YoY in August from 1.8%, below expectations, largely reflecting government subsidies. Meanwhile, headline and core-core CPI both rose 1.9%, suggesting underlying price pressures remain relatively firm. The softer print is unlikely to alter expectations for a BoJ rate hike, particularly as inflation is expected to pick up in coming months.
BoE holds at 3.75% but warns inflation risks tilt further upside
The BoE held rates at 3.75% in a 6–3 vote, as expected, with Greene, Mann and Pill backing a 25bp hike. The Bank warned that inflation risks have become more tilted to the upside following the energy shock and stressed it would not wait too long for evidence of second-round effects before responding. Meanwhile, the BoE unanimously agreed to fully unwind its gilt holdings, targeting GBP 20bn of annual sales alongside maturities and an average GBP 46bn annual reduction through end-2034. Governor Bailey said inflation spillovers from the Iran war remain subdued so far, while noting that monetary conditions have tightened significantly and uncertainty remains too high to assess market pricing for four rate hikes.
Dollar pares gains as Fed credibility weighs on yields
The 10-year government bond yield (interpolated) on the previous trading day was 2.362, -5.82 bps. The benchmark government bond yield (LB365A) was 2.31, -6.00 bps. Meantime, the latest closed US 10-year bond yields was 4.94, -7.0 bps. USDTHB on the previous trading day closed around 33.38, moving in a range of 33.25 – 33.28 this morning. USDTHB could be closed between 33.15 – 33.45 today. The dollar softened, paring some post-Fed gains as Treasury yields declined amid improved confidence in Chair Warsh’s commitment to restoring price stability, while mixed second-tier US data had limited impact. The euro edged higher but remained capped near 1.1500, with ECB officials seeing no signs of second-round inflation effects. The British pound underperformed after the BoE held rates at 3.75% in a 6–3 vote, while UK yields fell after the Bank paused APF gilt sales until April 2027. The Japanese yen strengthened on the softer dollar ahead of the BoJ meeting, where markets fully price a 25bp hike to 1.25%.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
