Morning of November 11th: The central exchange rate increased by 12 dong.

According to a survey by thoibaonganhang.vn, as of 9:00 AM this morning (November 11th), the central exchange rate increased by 12 dong compared to the previous session. The buying and selling prices of USD at most commercial banks were adjusted up or down with a common margin of 5-12 dong compared to the previous session.

Risk-sensitive currencies like the Australian dollar rose, while the safe-haven Japanese yen fell against the USD, amid strengthened risk sentiment as the US government moved closer to reopening.

Earlier, the U.S. Senate passed a measure to end the 40-day shutdown, which had furloughed hundreds of thousands of federal employees and disrupted some public services.

Adam Button, a currency analyst at InvestingLive (Toronto), believes that the political pressure on the Democratic Party at this time could boost risk appetite, as investors expect growth-supportive policies to be prioritized if the Republican Party retains control of Congress. He argues that this “looks like a Republican victory, meaning increased spending – a positive factor for stocks, gold, and global growth.”

However, trading in the foreign exchange market remained low due to the Veterans Day holiday in the US on Tuesday, when the US bond market was closed.

"Trading volume is low and most investors are avoiding large positions amid ongoing uncertainty surrounding the US economic outlook," said Karl Schamotta, chief market strategist at Corpay.

Against the Japanese yen, the US dollar rose 0.16% to 154.40 yen per dollar.

The Australian dollar rose 0.72% to $0.6538, benefiting from the recovery in global stock markets, which typically move in tandem with the currency.

The euro fell 0.06% to $1.1550.

If the US government shutdown is officially lifted, investors will shift their attention to US economic data, particularly the non-farm payrolls report, which has been delayed for over a month. Currently, the market is pricing in a 61% chance that the Fed will cut interest rates in December, but this expectation could fluctuate significantly once the data is released.

Federal Reserve officials remain divided on the need for further interest rate cuts, highlighting the challenge of reaching a policy consensus under the leadership of Fed Chairman Jerome Powell.

In Japan, Prime Minister Sanae Takaichi announced a new multi-year fiscal target to allow for more flexible spending and a loosening of the commitment to fiscal tightening. Meanwhile, a summary of the Bank of Japan's (BoJ) comments released the same day showed that the "fog" surrounding the economic outlook had somewhat cleared compared to its July assessment, paving the way for a potential interest rate hike in December, thereby supporting the Japanese yen.

“There’s been excessive excitement that this will be the return of the full Abenomics policy. We expect the BoJ to continue raising interest rates,” said Salman Ahmed, Global Head of Strategic and Macro Asset Allocation at Fidelity.

In Australia, Deputy Governor of the Reserve Bank of Australia (RBA) Andrew Hauser stated that financial conditions are approaching a neutral interest rate level, meaning a level that neither stimulates nor hinders growth.

According to Westpac analysts, this somewhat hawkish statement helped the Australian dollar appreciate during the session.

Elsewhere, the New Zealand dollar fell 0.07% to $0.5641.

Source: https://thoibaonganhang.vn/sang-1111-ty-gia-trung-tam-tang-12-dong-173368.html