Banks reduced the USD price by 30 VND, Eximbank bought at 24,270 - 24,350 VND, sold at 24,660 VND; Vietcombank bought at 24,330 - 24,360 VND, sold at 24,700 VND... The difference between the buying and selling price of USD is still high at 340 VND.
Other foreign currencies fell sharply. At Eximbank, the British pound fell 90 VND, down to 29,203 - 29,2991 VND for buying, 30,038 VND for selling; the Australian dollar fell 40 VND, down to 15,203 - 15,249 VND for buying, 15,668 VND for selling; the euro fell 40 VND, down to 25,512 - 25,589 VND for buying, 26,241 VND for selling...
Bank reduces USD price
The USD price in the international market decreased slightly, the USD-Index decreased by 0.04 points to 106.15 points. The greenback decreased after the US Federal Reserve (Fed) said it would cut interest rates. According to the Fed Tracker Tool of CME Group, the possibility of the Fed raising interest rates in December has decreased to 24%, from 39% before the Fed Chairman's comments, while a pause in interest rate increases in November is considered certain. However, the US Central Bank is not expected to start cutting interest rates until June next year.
However, the USD price is at a 10-month high and the upside is still dominant. Investors are also watching developments surrounding the Hamas-Israel conflict and taking advantage of the situation to buy USD.
US stocks fell sharply as the yield on the 10-year US Treasury bond exceeded 5% for the first time in 16 years. This affects the economy through increasing interest rates on mortgages, credit cards, auto loans... The S&P 500 index fell 1.26% to 4,224.16 points. The Nasdaq Composite fell 1.53% to 12,983.81 points. The Dow Jones Industrial Average fell 286.89 points (equivalent to 0.86%) to 33,127.28 points.
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