On the morning of October 15, the USD price at commercial banks recorded a week of increase. Specifically, Eximbank bought at 24,230 VND and sold at 24,620 VND, an increase of 100 VND compared to the end of last week. Similarly, Vietcombank added 65 VND after a week, bringing the buying price to 24,245 VND and the selling price to 24,615 VND.
Similarly, the price of the euro also increased. For example, Vietcombank bought the euro at 25,106 VND and sold it at 26,484 VND, an increase of 95 VND compared to the end of last week. However, the price of the Japanese yen decreased when Vietcombank bought it at 158.67 VND and sold it at 167.96 VND, 0.36 - 0.38 VND lower...
USD price increased during the week
The international USD price has decreased in many sessions but the weekly total is still higher. At the end of the week, the USD-Index reached 106.65 points, 0.56 points higher than the end of the previous week. The Japanese Yen also continued to decrease compared to the end of the previous week when 1 USD is currently converted to 149.56 yen; the Euro decreased compared to the USD when 1 Euro is converted to 1.0516 USD...
The greenback rose after a report showed that US consumer prices rose more than expected in September, raising expectations that the Federal Reserve will keep interest rates high for an extended period.
Meanwhile, the yield on the benchmark 10-year Treasury note fell about 9 basis points to 4.62%, nearly 2 percentage points lower than last week. The yield on the 2-year note also fell about 1 basis point. However, some investors believe that yields will remain high for a long time. That is also the reason why the greenback remains high.
The Fed is preparing to raise interest rates again, most likely in December, said Bipan Rai, North America foreign exchange specialist at CIBC Capital Markets.
Furthermore, the Hamas-Israel conflict continues to raise questions about the possibility of an oil supply crisis, leading to a negative impact on the world economy in general. The USD is also considered one of the safe haven assets in the context of investors' anxiety about the future of the global economy...
Source link
Comment (0)