USD price hits ceiling.

This morning, banks raised the USD exchange rate to the ceiling of 26,310 VND, currently 2.9% higher than at the beginning of the year.

Compared to the beginning of the year, the USD price in the official market is nearly 760 VND higher, equivalent to an increase of over 2.9%.

On the morning of June 24th, the State Bank of Vietnam announced the central exchange rate at 25,058 VND, an increase of 30 VND compared to yesterday. With a 5% margin compared to the central exchange rate, commercial banks are allowed to buy and sell USD within the range of 23,805 - 26,310 VND.

Accordingly, banks today simultaneously raised the USD exchange rate to its ceiling, the highest level ever. Vietcombank increased the buying and selling price of USD to 25,980 - 26,310 VND, an increase of more than 30 VND compared to yesterday. At Vietinbank, the USD price rose to 25,995 - 26,305 VND, while Eximbank's was 25,950 - 26,310 VND.

Compared to the beginning of the year, the USD price on the official market is nearly 760 VND higher, equivalent to an increase of over 2.9%. Currently, the USD price at banks is also quite close to the USD price on the free market. Foreign exchange bureaus are buying and selling around 26,320 - 26,420 VND per USD.

Meanwhile, domestic gold prices remained stable this morning, trading below 120 million VND per tael. This morning, Saigon Jewelry Company (SJC) listed gold bars at 117.7 - 119.7 million VND per tael. Plain gold rings were bought and sold by SJC at 113.7 - 116.3 million VND per tael.

According to a strategic report from UOB Bank's Global Market and Economic Research department, if no trade agreement is reached with the US, the Vietnamese dong will remain weak against the US dollar. The dong is likely to continue fluctuating in weak territory until the end of the third quarter, and begin to recover from the fourth quarter into the beginning of next year.

Meanwhile, in the gold market, UOB notes that safe-haven demand continues to be maintained, along with central banks steadily increasing their gold holdings, expectations of a weakening US dollar, and the potential for capital to flow back into US gold ETFs. All these factors provide positive support for gold prices, and UOB forecasts that the price of this precious metal could reach $3,600 per ounce by early next year.

TH (according to VnExpress)

Source: https://baohaiduong.vn/gia-usd-len-kich-tran-414869.html