Morning of December 2: Central exchange rate decreased by 3 VND

According to a survey by thoibaonganhang.vn, as of 9am this morning (December 2), 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 10-20 VND compared to the previous session.

The US dollar remained under pressure on Tuesday after weaker-than-expected manufacturing activity data from the world's largest economy added to pressure on the US Federal Reserve to cut interest rates at its policy meeting this month.

The US dollar index, which measures the greenback against a basket of six major currencies, edged down to 99.408 in early Asian trading, having fallen for a seventh straight session on Monday to a two-week low as stocks and bonds fell.

Data released on Monday showed the US manufacturing sector continued to contract for a ninth consecutive month in November, as the Institute for Supply Management's (ISM) manufacturing purchasing managers' index (PMI) fell to 48.2 from 48.7 the previous month.

Indicators for new orders and employment also worsened, while input prices rose due to the lingering impact of import tariffs.

“That shows that demand in the economy has slowed,” said Brian Martin, head of G3 economics at ANZ in London.

“I do think the Fed needs to cut rates, not just in December but also next year,” he said in a podcast, predicting another 50 basis points of rate cuts by 2026.

According to CME Group's FedWatch tool, the market is pricing in an 88% chance that the Fed will cut interest rates by 25 basis points at its December 10 meeting, up from 63% a month ago.

The yield on the 10-year US Treasury note rose to 4.086% following a sell-off in global bond markets on Monday.

Against the Japanese yen, the dollar traded at 155.51 yen, almost unchanged from the end of the US session. Earlier, Bank of Japan (BOJ) Governor Kazuo Ueda said the bank would consider the “pros and cons” of raising interest rates at its next meeting, causing the yield on two-year Japanese government bonds to rise above 1% for the first time since 2008.

The euro held steady at $1.1610 in Asia as talks to end the war in Ukraine continued.

The pound traded around $1.3216, near a one-month high and little changed on the day. The head of Britain's fiscal watchdog resigned on Monday after the agency accidentally leaked key details of the annual tax-and-spend budget before Chancellor Rachel Reeves presented it to Parliament .

The Australian dollar stood at $0.6544, while the New Zealand dollar was at $0.5727, both nearly flat in early Asian trading.

Source: https://thoibaonganhang.vn/sang-212-ty-gia-trung-tam-giam-3-dong-174505.html