Morning of November 21: Central exchange rate increased by 6 VND

According to a survey by thoibaonganhang.vn, as of 9am this morning (November 21), the central exchange rate increased by 6 VND compared to the previous session. The USD buying and selling prices at some commercial banks were adjusted up and down with a common amplitude of 2-26 VND compared to the previous session.

The yen briefly rose after Japan’s Finance Minister Satsuki Katayama said he may consider intervening if excessive and speculative moves occur, a sign that Tokyo is stepping up its warnings to curb the currency’s slide.

The delayed U.S. nonfarm payrolls report, due Thursday, showed a mixed picture of the labor market: job growth accelerated in September, but the unemployment rate rose to a four-year high of 4.4 percent. The development reinforced the view that the Fed is likely to leave interest rates unchanged at its December meeting, as policymakers navigate the added uncertainty of the U.S. government shutdown.

Against the USD, the euro hovered around a two-week low and traded at $1.1528, heading for a 0.8% weekly decline.

The pound rose 0.11% to $1.3084, but still recorded a 0.7% loss for the week, as investors awaited the UK budget plan, a factor seen as a major test for the pound and the bond market.

The dollar index - which measures the greenback's strength against a basket of major currencies - approached a 5-1/2-month high and was on track for a 0.9% weekly gain, its strongest in more than a month.

“The delayed September jobs report does not provide clarity on what the Federal Open Market Committee (FOMC) will decide at its highly-anticipated December meeting,” Wells Fargo economists said in a note.

The market is currently pricing in a 27% chance of a Fed rate cut next month.

In other currencies, the Australian dollar rose 0.09% to $0.6446 after falling 0.6% yesterday on broad risk aversion. The New Zealand dollar rose 0.11% to $0.5588 after losing 0.4% on Thursday.

Source: https://thoibaonganhang.vn/sang-2111-ty-gia-trung-tam-tang-6-dong-173907.html