Banks all increased to 24,350 VND

On the morning of August 30, the USD price at commercial banks continued to increase. Specifically, Eximbank bought at 23,960 VND and sold at 24,350 VND, an increase of 70 VND compared to yesterday morning; Vietcombank kept the buying price at 23,890 VND but increased the selling price by 90 VND, to 24,350 VND...

The free USD price increased by 20 VND, to 24,120 VND for buying and 24,220 VND for selling. The free USD price is still 120 - 130 VND lower than the bank price.

USD price in banks on the morning of August 30 increased to 24,350 VND

In contrast, the international USD price fell with the USD-Index at the beginning of the day at only 103.55 points, down 0.4 points compared to yesterday. The greenback fell after the job openings in the world's largest economy in July fell by 338,000 to 8.827 million - the lowest level since March 2021.

Some say the data continues to increase confidence that the US Federal Reserve (Fed) will not raise interest rates at its policy meeting in September. However, this possibility remains uncertain as many Fed officials believe it is necessary to continue implementing tight monetary policy when inflation remains high.

Meanwhile, the Chinese yuan (CNY) has slightly increased thanks to the People's Bank of China's (PBOC) daily exchange rate adjustment efforts. However, 1 USD is currently equivalent to 7.2846 CNY, the lowest level since the beginning of the year.

The PBOC has recently taken a series of measures to stem the yuan’s decline, including more aggressive exchange rate adjustments and possible intervention in the currency market. Investors are now awaiting China’s August purchasing managers’ index (PMI) data, due on August 31.

In the Vietnamese market, the CNY price at Vietcombank is bought at 3,249.8 VND and sold at 3,390.12 VND, an increase of 8 - 12 VND compared to yesterday...

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