Morning of May 14: Central exchange rate stable

According to a survey by thoibaonganhang.vn, as of 9am this morning (May 14), the central exchange rate remained unchanged from the previous session. The USD buying and selling prices at most commercial banks were adjusted down with a common range of 5-20 VND compared to the previous session.

The greenback steadied after posting its biggest drop in more than three weeks in the previous session, as weaker-than-expected U.S. consumer inflation data bolstered expectations that the Federal Reserve will ease policy as global trade tensions ease.

The US Department of Labor reported that the consumer price index (CPI) rose 0.2% in April, lower than the 0.3% forecast in a Reuters poll. It had previously fallen 0.1% in March.

Despite the positive signs in the US trade outlook, especially after the agreement with the UK last week and progress in negotiations with China over the weekend, leading to a 90-day tariff suspension, US inflation is expected to rise again in the coming months due to the impact of tariff policies increasing the cost of imported goods into the US.

Recently, US President Donald Trump said he has “potential deals” with India, Japan and South Korea.

Against the yen, the dollar fell 0.18 percent to 147.22 yen per dollar.

The euro is currently trading at $1.1189, up 0.04%.

The British pound rose 0.02% to $1.3309.

Against the Swiss franc, the dollar fell 0.08 percent to 0.8388 francs per dollar.

The offshore Chinese yuan was at 7.1928 per dollar, rebounding from a six-month low of 7.1791 it hit in the previous session.

Elsewhere, the Australian dollar rose 0.22% to $0.6485.

The New Zealand dollar traded at $0.5941, up 0.03%

Analysts at Commonwealth Bank of Australia said that despite the dollar’s ​​decline in the previous session, the upward trend could return in the coming time as the market reassesses the US and global economic outlook following the interim trade deal between the US and China. Forecasts show that the US dollar index could rise another 2-3% in the coming weeks.

However, experts also noted that the greenback is unlikely to fully recover to its level at the beginning of the year, when the index fluctuated around 108.50 points, due to the impact of inconsistent management policies of the administration of US President Donald Trump.

Since April 2, when President Trump announced the “Liberation Day” tariffs, the US dollar has fallen by about 3%. This move has caused a wave of international investors selling off US stocks and bonds.

According to the Bank of America Global Fund Managers Survey (FMS), May saw the largest USD short position in 19 years among global asset managers. Against this backdrop, the Fed is still maintaining a “wait and see” stance, assessing the economic impact of tax policy before deciding on the next steps regarding interest rates.

Data from LSEG shows that investors are expecting the Fed to cut interest rates by a total of 50 basis points between now and the end of the year, with the next rate cut of 25 basis points likely to come in September.

Source: https://thoibaonganhang.vn/sang-145-ty-gia-trung-tam-on-dinh-164140.html