On the morning of May 12, the domestic USD price recorded a week of increase. On the weekend, the State Bank announced the central exchange rate between the Vietnamese Dong and the USD at 24,271 VND, an increase of 26 VND compared to the end of last week. Banks also raised the USD price to the prescribed ceiling. Specifically, the USD price at Vietcombank was bought by transfer at 25,184 VND and sold at 25,484 VND, an increase of 41 VND in the buying direction and an increase of 31 VND in the selling direction after a week. Similarly, Eximbank also increased by 20 VND in the buying direction during the week, to 25,220 VND and sold at 25,484 VND, an increase of 28 - 30 VND...
Meanwhile, the free USD price cooled down in the middle of the week but also increased again to 25,720 VND for buying and 25,800 VND for selling. Compared to the end of last week, the free USD price increased by 10 - 20 VND.
USD price at commercial banks increased by 30 VND this week
Other foreign currencies fluctuated in opposite directions. Of which, the euro was bought in cash by Vietcombank at 26,739 VND and sold at 28,205 VND, an increase of 120 VND compared to the end of last week. On the contrary, the Japanese yen was bought by Vietcombank at 158.55 VND and sold at 167.81 VND, a decrease of 2.47 - 2.62 VND after a week...
According to a report by Bank of America, the USD/VND exchange rate will reach 25,600 VND by the end of the second quarter of 2024. At the same time, it is expected that the exchange rate will continue to increase in the second half of the year to 25,700 VND by the end of this year. This shows the pressures that the domestic foreign exchange market will continue to face in the coming time. In particular, according to some economic experts, it is not excluded that the US Federal Reserve (Fed) may anchor the base interest rate higher than forecasts, when inflation in this country remains unpredictable.
The world USD price closed the week slightly down. The USD-Index reached 105.17 points, down 0.2 points compared to yesterday. However, compared to the end of last week, this index was 0.21 points higher. In recent trading sessions, the greenback has fluctuated, but has recovered from the previous low. Currently, many investors and economic experts predict that the Fed may start cutting interest rates from September...
Source: https://thanhnien.vn/gia-usd-hom-nay-1252024-ngan-hang-tang-them-30-dong-trong-tuan-185240512080105485.htm
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