USD price hits ceiling

This morning, banks raised the USD price 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 on the official market is nearly 760 VND higher, equivalent to an increase of over 2.9%.

On the morning of June 24, the State Bank 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 in the range of 23,805 - 26,310 VND.

Accordingly, today, banks have simultaneously raised the USD price to the ceiling and also the highest level ever. Vietcombank raised the USD buying and selling price to 25,980 - 26,310 VND, an increase of more than 30 VND compared to yesterday. At Vietinbank, the USD price increased to 25,995 - 26,305 VND, and at Eximbank it 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 quite close to the USD on the free market. Foreign exchange points are buying and selling around 26,320 - 26,420 VND per USD.

Meanwhile, domestic gold prices this morning continued to move sideways and traded below the 120 million VND per tael. This morning, Saigon Jewelry Company (SJC) listed the price of 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.

A strategy report from UOB Bank’s Global Economics and Markets Research department said that if a trade agreement with the US is not reached, the dong will remain in a weak range against the USD. The dong is likely to continue to fluctuate in a weak range until the end of the third quarter, and begin to recover from the fourth quarter to early next year.

Meanwhile, in the gold market, UOB believes that safe-haven demand continues to be maintained, along with central banks steadily increasing their gold holdings, expectations of a weakening USD and the possibility of capital flows returning to gold ETFs in the US. All these factors create positive conditions for gold prices, UOB predicts that the price of this precious metal could reach $3,600 an ounce early next year.

TH (according to VnExpress)

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