On the morning of February 25th, the USD exchange rate recorded a weekly increase. Eximbank's buying rate rose to 24,420 VND and its selling rate to 24,820 VND, an increase of 120 VND compared to the end of the previous week. Similarly, Vietcombank 's buying rate was 24,420 VND and its selling rate was 24,790 VND, an increase of 110 VND... The free market USD rate was also bought at 25,220 VND and sold at 25,290 VND/USD, an increase of 70 VND after one week.
Meanwhile, the euro exchange rate at Vietcombank is 25,943 VND for buying and 27,367 VND for selling. Compared to the end of last week, the euro price increased by 190 VND for buying and 210 VND for selling.
The US dollar rose sharply throughout the week.
On the global market, the USD recorded a downward week as the USD index fell below 104 points. Specifically, the USD-Index is currently at 103.9 points, 0.03 points lower than the previous week.
According to some analysts, investors are optimistic as the stock market reached record highs following a series of business activity surveys that were largely better than expected. For example, the Purchasing Managers' Index (PMI) data showed that the recession in the eurozone had eased after a six-month slump. Meanwhile, UK PMI data indicated the economy maintained its growth momentum in early 2024. These news events strengthened currencies like the euro and the pound, and conversely pushed the US dollar down.
According to Jane Foley, a foreign exchange strategist at Rabobank, the US dollar has come a long way and the market is not keen on buying more at this time. However, this could change depending on whether the first US interest rate cut in June actually takes place.
Officials at the U.S. Federal Reserve (Fed) have projected three 25-basis-point rate cuts this year, while the market expects around seven rate reductions from the agency...
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![[Photo] Prime Minister Pham Minh Chinh presides over a meeting on private sector economic development.](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F20%2F1766237501876_thiet-ke-chua-co-ten-40-png.webp&w=3840&q=75)
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