On the morning of March 26.3, the central exchange rate between VND and USD announced by the State Bank was 23.994 VND, down 21 VND compared to yesterday. Similarly, USD prices at commercial banks fluctuated in opposite directions. For example, Vietcombank decreased 10 VND when buying to 24.560 VND, selling 24.930 VND; Eximbank decreased by 20 VND and also bought 24.530 VND, sold 24.920 VND...
The USD price on the morning of March 26.3 simultaneously decreased in banks but the free market still increased
The free USD price alone increased by 10 VND compared to yesterday, bringing the buying price to 25.500 VND and the selling price to 25.600 VND. Thus, the free USD price is about 680 VND higher than banks.
The world USD price turned down. The USD-Index fell below the 104 point threshold again and is currently at 103,88 points. The greenback eased slightly from a one-month high, after dovish signals from the Swiss National Bank and the Bank of England, suggesting the USD will remain the only currency with comparable yields. relatively high.
Chairman of the US Federal Reserve - Jerome Powell - also said last week that the US Central Bank is still on track to cut interest rates this year, even though inflation was higher than expected in January and February. However, some Fed officials, including Atlanta Fed President Raphael Bostic, have expressed concerns about persistent inflation and stronger-than-expected economic data.
According to CNBC, investors currently forecast a 70% probability that the Fed will lower interest rates in June, higher than the 6% forecast before the Fed's March policy meeting last week. Lower interest rates tend to make non-yielding metals more attractive.
The report on the number of initial applications for unemployment benefits in the US is expected to be released on March 28.3 and will be followed by core personal consumption expenditure (PCE) price index data expected to be released on March 29.3. These will be the next data to provide more clues to investors about Fed policy...
