On the morning of January 10, the central exchange rate between the Vietnamese Dong and the USD announced by the State Bank continued to decrease, down to 23,928 VND, 3 VND lower than yesterday. In contrast, the USD price at commercial banks increased simultaneously. Specifically, Eximbank kept the buying price at 24,120 VND but increased the selling price by 10 VND, to 24,520 VND; Vietcombank added 25 VND, bringing the buying price to 24,170 VND, the selling price to 24,540 VND...
The free USD price remained the same at 24,750 VND as yesterday, but increased by 20 VND at the selling price, to 24,850 VND.
USD price increased simultaneously on the morning of January 10
The world USD price maintained its upward momentum. The USD-Index reached 102.29 points, up slightly from yesterday. According to Investing , the USD has increased again against the euro and yen as traders await US inflation data for December 2023, due on Thursday (January 11) for clues on when the US Federal Reserve (Fed) may cut interest rates. Investors predict the possibility of the Fed cutting interest rates soon when inflation falls close to the 2% annual target and economic data shows signs of weakening. A recent report from the New York Fed said consumers expect inflation to fall as well as weaker income and spending in the next few years.
If tomorrow's inflation report shows inflation is continuing to moderate, it could increase expectations for a rate cut next March.
The Japanese yen has staged a modest recovery but remains weak, currently trading at 144.76 yen to the dollar. Stimulus measures from the Japanese government following the devastating earthquake could delay the Bank of Japan's (BOJ) plans to change its bullish stance. That makes it difficult for the yen to rise again...
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