Morning of November 18th: The central exchange rate increased by 12 dong.

According to a survey by thoibaonganhang.vn, as of 9:00 AM today (November 18th), the central exchange rate increased by 12 dong compared to the previous session. The buying and selling prices of USD at all commercial banks were adjusted upwards with a common margin of 5-33 dong compared to the previous session.

The Japanese yen continued to weaken, hitting its lowest level since February 4th, as the USD was supported by reduced market expectations that the US Federal Reserve (Fed) would cut interest rates at its December meeting.

The USD rose 0.1% to 155.29 yen per dollar, reflecting a recovery in the greenback after four consecutive sessions of declines. This development occurred ahead of the release of delayed September payroll data from the US, scheduled for Thursday.

Amid the sharp decline of the yen, Japanese Finance Minister Satsuki Katayama stated at a regular press briefing: "We have recently witnessed rapid, unidirectional fluctuations in the foreign exchange market, which is causing us great concern."

Her remarks reflect growing concerns about the impact of the weakening yen on the Japanese economy .

On the same day, Prime Minister Sanae Takaichi is expected to meet with Bank of Japan (BoJ) Governor Kazuo Ueda to discuss policy. Takaichi, a supporter of expansionary fiscal policy and large-scale public spending, has appointed many like-minded officials to maintain low interest rates, thereby putting downward pressure on the yen.

According to the CME FedWatch tool, Fed fund futures currently reflect a 43% probability that the Fed will cut interest rates by 25 basis points at its December 10 meeting, down from 62% given a week earlier and nearly 100% a month ago.

The US dollar index – which measures the strength of the greenback against a basket of major currencies – rose 0.02% to 99.553, ending a four-session losing streak and reaching a one-week high.

"In theory, if the Fed's interest rate cut is delayed, it's just a temporary pause. Upcoming official data will be decisive, including the acceptance of weak labor indicators due to supply-side impacts," ING experts commented.

Meanwhile, Fed officials continue to emphasize the risks to the job market. Governor Christopher Waller said many American businesses have begun considering layoffs as demand weakens, while expecting to offset this with increased productivity through the application of artificial intelligence. Fed Vice Chairman Philip Jefferson also noted that the labor market is "sluggish" as companies are cautious about hiring amid volatile economic policy.

In the bond market, the yield on 2-year US Treasury bonds fell 0.2 basis points to 3.6039%, while the yield on 10-year bonds rose slightly by 0.6 basis points to 4.1366%.

The euro fell 0.01% to $1.1591 – its lowest level of the week.

The British pound traded at $1.3151, down 0.04%.

The Australian dollar is trading sideways, currently at $0.6495 USD.

The New Zealand dollar fell 0.07% to $0.5655.

Source: https://thoibaonganhang.vn/sang-1811-ty-gia-trung-tam-tang-12-dong-173718.html