- USDTHB: moving in the range 32.05 – 32.17 this morning, supportive level at 31.90 resistance level at 32.20
- SET Index: 1,464.43 (+0.72%), 7 Apr 2026
- S&P 500 Index: 6,616.85 (+0.08%), 7 Apr 2026
- Thai 10-year government bond yield (interpolated): 2.123 (-0.69 bps), 7 Apr 2026
- US 10-year treasury yield: 4.33 (-1.00 bps), 7 Apr 2026
- US and Iran strike two‑week ceasefire deal
- Durable goods orders fall 1.4% in March as aircraft demand slumps
- Thai inflation narrows decline in March
- US reports $71.9B trade deficit with Thailand, highlights barriers and IP delays
- Dollar slips ahead of Trump’s Iran Strait deadline
US and Iran strike two‑week ceasefire deal
The US agreed to pause planned strikes on Iran for two weeks following talks with Pakistan’s Prime Minister Shehbaz Sharif and General Asim Munir, on the condition that Iran reopens the Strait of Hormuz—effectively creating a temporary ceasefire as broader negotiations progress. The New York Times reports Iran has accepted the proposal with approval from Mojtaba Khamenei, while Foreign Minister Abbas Araghchi said shipping would resume with some “technical limitations,” implying a gradual reopening, and stressed Iran would halt actions only if attacks against it stop.
Durable goods orders fall 1.4% in March as aircraft demand slumps
Durable goods orders fell unexpectedly in March, dropping 1.4% versus the 0.4% gain expected, while ex-transport orders rose 0.8%, beating forecasts, and ex-defense fell 1.2%. Nondefense capital goods excluding aircraft rose 0.6%.
Thai inflation narrows decline in March
Thailand’s CPI fell 0.08% year-on-year in March, marking the 12th consecutive monthly decline but narrowing sharply from February’s 0.88% drop and missing the 0.2% median estimate. The moderation in price falls underscores the economy’s sensitivity to energy shocks. On a monthly basis, the index rose 0.6%, rebounding from a 0.24% decline in February, while core inflation edged up 0.57%. The Commerce Ministry raised its 2026 inflation forecast to 1.5%–2.5% from 0%–1%, citing higher oil prices. Under a base-case scenario, inflation could jump to 3.67% in Q2 from -0.54% in Q1 if oil prices stay elevated for two months, and could reach 2.5%–3.5% for the full year if high prices persist for three months.
US reports $71.9B trade deficit with Thailand, highlights barriers and IP delays
The US Trade Representative (USTR) released its 2026 Annual Trade Report, detailing country-specific barriers to US exports. For Thailand, it notes a $71.9 billion goods trade deficit in 2025—up more than 58% from 2024—and a $267 million services deficit, a 90.7% increase. The report also highlights US concerns over Thailand’s trade protections, especially non-tariff barriers in agriculture, meat, and auto parts, as well as delays in updating intellectual property laws.
Dollar slips ahead of Trump’s Iran Strait deadline
The 10-year government bond yield (interpolated) on the previous trading day was 2.123, -0.69 bps. The benchmark government bond yield (LB365A) was 2.12, +0.00 bps. Meantime, the latest closed US 10-year bond yields was 4.33, -1.0 bps. USDTHB on the previous trading day closed around 32.62, moving in a range of 32.05 – 32.17 this morning. USDTHB could be closed between 31.90 – 32.20 today. The dollar slipped amid high geopolitical tensions ahead of Trump’s 8 PM EDT deadline for Iran to reopen the Strait of Hormuz. Trump warned the opposition that “a whole civilisation will die tonight” but told Fox News the deadline could be extended if talks yield results. Iran remains defiant, with WTI crude above $115/bbl. Following the ceasefire deal, the index fell further, dipping below the 100 level. Meanwhile, the euro and British pound also advanced as risk appetite persisted in FX markets despite weaker sentiment in equities.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
