USD prices at banks remain slightly fluctuating
The USD price listed at major commercial banks this morning had a slight adjustment, mainly in the buying direction:
Vietcombank : Maintained stable at 26,140 VND/USD (buy) and 26,410 VND/USD (sell).
BIDV and Agribank : Slightly increased 4-5 VND/USD in buying price, kept selling price unchanged at 26,410 VND/USD.
Vietinbank : Reduced 5 VND/USD in buying price, kept selling price unchanged at 26,410 VND/USD.
At 10:20 this morning (December 4), the USD price on the free market (black market) was trading at 27,369 VND/USD for buying and 27,519 VND/USD for selling.
Compared to early morning, the USD buying price decreased by 180 VND/USD and the selling price decreased by 130 VND/USD. The current buying-selling difference is 150 VND/USD.
Dollar Index falls sharply on expectations of Fed rate cut
The Dollar Index (DXY), which measures the strength of the USD against a basket of major currencies, opened at 98.87 points, down 0.55 points from the previous session. At 8:10 a.m. this morning, the USD edged up slightly to 98.93 points.
The weakness in the USD price comes from concerns about a weakening US economy, increasing expectations that the Fed will cut interest rates at its upcoming meeting (December 10). CME's FedWatch tool now prices an 88% chance of the Fed cutting by 25 basis points next week, up sharply from 63% a month ago.
The USD price is also affected by the possibility of the White House nominating economic advisor Kevin Hassett as Chairman of the Fed. Mr. Hassett is considered to favor faster interest rate cuts.
Mr. Hassett’s dovish stance has weakened the dollar slightly and created a positive trend for risk assets, which is expected to continue until next week’s FOMC meeting.
Source: https://baodanang.vn/gia-usd-hom-nay-4-12-2025-thi-truong-tu-do-giam-nhe-3312577.html
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