Morning of November 14: Central exchange rate decreased by 3 VND

According to a survey by thoibaonganhang.vn, as of 9am this morning (November 14), the central exchange rate decreased by 3 VND compared to the previous session. The USD buying and selling prices at all commercial banks were adjusted up and down with a common amplitude of 3-43 VND compared to the previous session.

The dollar struggled to recover on Friday and is on track to fall this week as investors await a batch of data delayed by the reopening of the US government. Analysts say the upcoming figures could reflect signs of weakness in the world's largest economy .

The greenback's decline coincided with a sell-off in US stocks and bonds - a development reminiscent of the volatility in April, when investors scaled back expectations that the US Federal Reserve would cut interest rates in December.

“The ‘sell US assets’ wave is back,” said Ray Attrill, head of foreign exchange research at National Australia Bank.

However, expectations of a tighter Fed policy did not help the dollar recover. During the session, the euro rose back above the $1.16 level and traded around $1.1632 - a two-week high.

The Swiss franc also held near a more than three-week high, hovering around 0.7933 franc per dollar.

Against a basket of currencies, the US dollar index hovered near a two-week low of 99.203, heading for a 0.3% weekly decline.

“Starting next week, the market will be exposed to a lot of US economic data, and it is likely to be not very positive. Investors seem to be preparing for a series of weak indicators coming,” said Joseph Capurso, head of foreign exchange, international and geoeconomics at Commonwealth Bank of Australia.

This expert added that normally this would reinforce expectations of the Fed easing policy, but the uneven release of data could cause Fed fund futures to move in opposite directions.

The White House said the October unemployment rate will likely not be released because the household survey was disrupted during the government shutdown.

“When you're in a fog, you drive slower... when you don't know what's going on with the economy, you might slow down your spending,” Capurso said.

The market is currently pricing in a less than 50% chance of a 25 basis point rate cut in December, with the 2026 rate forecast remaining largely unchanged.

The pound fell 0.36% to $1.3145, after failing to maintain a 0.45% gain in the previous session. The currency fell after the Financial Times reported that Prime Minister Keir Starmer and Chancellor Rachel Reeves had abandoned plans to raise income tax, marking a major shift ahead of the budget on November 26.

“The weakening of fiscal resolve due to political uncertainty is not a positive sign for the currency,” said Sim Moh Siong, currency strategist at Bank of Singapore.

The Japanese yen recovered slightly as the dollar retreated, trading around 154.58 yen per dollar, but remained near a nine-month low hit earlier this week. The yen is forecast to fall 0.8% this week.

The Australian dollar rose 0.2% to $0.6542.

The New Zealand dollar rose 0.42% to $0.5681, after falling 0.25% in the previous session.

Source: https://thoibaonganhang.vn/sang-1411-ty-gia-trung-tam-giam-3-dong-173550.html