DNVN – During the December 25, 12 trading session, the USD continued to rise slightly during the holiday season, boosted by expectations that the Fed will slowly adjust its interest rate reduction roadmap.
US dollar exchange rate in international market
Dollar Index (DXY), representing the strength of the dollar relative to
6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), reached 108.14, up 0.07
points compared to the previous session of December 24, 12.
Less business activity during the holidays resulted in copper
The dollar rose slightly, largely on perceptions that the Fed may be slower to cut interest rates.
interest rate compared to other central banks above world.
Since the end of September, the greenback has gained more than 9%, mainly
thanks to expectations that the US economy will strengthen under the president
elected Donald Trump, as high inflation reduced likelihood of rapid Fed
quickly lower interest rates.
This perspective in the United States is radically different from this perspective
other major economies, leading to an increase in interest rate differentials between countries
more clearly.
Last week, the Fed planned a tapering roadmap
Interest rates will be made more conservative, which will have boosted bond yields
US Treasury Bonds, with 7-Month High Yields Recorded Today
10-year bond, reaching 4.629%.
Joseph Trevisani, senior analyst at FX
Street, New York, said: “Markets benefit from zero
Positive mood after the elections and high expectations for the new year.
“It's a good time for the dollar, as expectations aim to reduce
ease of reducing interest rates. This shows that the interest rate is the most important factor
with the foreign exchange market,” he added.
The DXY index, which represents the greenback against a basket of currencies,
rose 0.14% to 108.24. At the same time, the euro fell slightly by 0.15%.
1.0389 USD, and the index has risen in 5 of the last 6 sessions.
Due to the end of the year, trading volume is expected to increase
has declined and analysts predict that interest rates will continue to be the driving factor in the market
market until the release of the US jobs report on January 10.
The value of the British pound decreased slightly by 0.06%, currently trading at 1.2527.
USD.
Against the Japanese yen, the USD rose 0.1%, reaching 157.34 do.
The Japanese currency remains near the threshold for which the country's government intervened to protect
value in local currency.
Minutes of a recent Bank of Japan meeting show,
Political leaders agree that it is necessary to continue raising interest rates if conditions are weak
Economic factors are progressing according to forecasts. However, some officials stressed the
Be cautious of fluctuations in American politics.
Mr. Trump's return to the White House has increased the
Uncertainty about new policies, including tariffs, tax breaks and deadlines
immigration regime, which can greatly influence economic direction.
US dollar exchange rate in the domestic market
In Vietnam, the central exchange rate is announced by the State Bank
On the morning of December 25, it decreased slightly by 12 VND, currently at 7 24.308 VND/USD.
The reference exchange rate at the State Bank Transaction Center remains unchanged,
maintained at the buy – sell level: 23.400 VND – 25.450 VND.
Specifically, Vietcombank banks announced buying and selling rates are
25.193 – 25.523 VND/USD, down slightly by 7 VND compared to the previous day.
At BIDV, the price of USD decreased by 2 VND on the buy side and 7 VND respectively
On the sales side, it currently reaches 25.228 – 25.523 VND/USD. Bank Techcombank disk
The buying price decreased by 14 VND and the selling price by 70 VND, down to 25.176 – 25.460 VND/USD.
Eximbank keeps the dollar exchange rate unchanged between 23.788 and 25.530
VND/USD.
On the free market, the price of the dollar fell sharply today, notably
107 VND on the buyer side and 113 VND on the seller side, trading around 25.737
– 25.837 XNUMX VND/USD.
In addition, the Euro exchange rate on the State Bank Stock Exchange
fell slightly, buying – selling currently between 24.026 VND and 26.555 VND. Dong exchange rate
The Japanese yen also fell, trading between 147 VND and 162 VND.
Vietnamese (t/h)
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