On the morning of April 10, the domestic USD price fluctuated in opposite directions. For example, Vietcombank kept the buying price unchanged at 24,760 VND and the selling price at 25,130 VND. BIDV reduced the buying price by 10 VND to 24,805 VND and the selling price by 25,115 VND... Meanwhile, the central exchange rate between VND and USD announced by the State Bank was at 24,036 VND, down 1 VND compared to yesterday.
In the free market, the USD price increased by 30 - 40 VND compared to yesterday. The free USD price was bought at 25,340 VND and sold at 25,450 VND, about 320 VND higher than that of commercial banks.
USD price fluctuated in opposite directions in banks on the morning of April 10.
The world USD price continues to decline. The USD-Index is currently at 103.88 points, 0.1 points lower than yesterday. According to Reuters, the USD is trading sideways as investors are cautious ahead of US inflation data to be released today (March 10).
The market is awaiting the US consumer price index (CPI) report for March. A Reuters poll found that economists expect the US CPI to rise 0.3% month-on-month, down from a 0.4% increase in February. The core CPI is also expected to rise 0.3% in March. In addition, the minutes of the US Federal Reserve's March policy meeting are also expected to be officially released.
CME Group data shows that investors predict a 58% probability of the Fed cutting interest rates by the first 25 basis points in June, up from 52% at the beginning of the week.
Recently, Bank of America analysts said that if the Fed does not start lowering interest rates in June, it is likely that the agency will continue to remain inactive in the second half of the year - when the US presidential election is approaching. The bank noted that if the Fed tells the market that cutting interest rates in June is unreasonable, policymakers will have little reason to lower interest rates in the remaining months of the year...
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