Morning of October 31: Central exchange rate increased by 2 VND

According to a survey by thoibaonganhang.vn, as of 9am this morning (October 31), the central exchange rate increased by 2 VND compared to the previous session. The USD buying and selling prices at most commercial banks were adjusted up and down with a common amplitude of 2-32 VND compared to the previous session.

The greenback held firm after hitting a three-month high as investors continued to assess mixed signals from central bank policy decisions, tech earnings and the tentative U.S.-China tariff deal.

The US dollar index - a gauge of the greenback's strength against six major currencies - held around 99.501, after Wall Street stocks fell sharply in the previous session as global market sentiment turned cautious.

The dollar fell 0.23 percent to 153.77 yen per dollar, after hitting a near nine-month high.

Tokyo’s core consumer price index (CPI) rose 2.8% in October from a year earlier, beating forecasts and continuing to exceed the Bank of Japan’s (BoJ) 2% target, data released on Monday showed. The development added to pressure on the BoJ after it decided to keep interest rates unchanged at its October 24 meeting.

“Risk-off sentiment is supporting the dollar,” said Rodrigo Catril, a currency strategist at National Australia Bank, adding that the Fed’s lack of certainty about the pace of rate cuts, combined with a weaker yen, is further strengthening the dollar’s ​​position in the market.

At the same time, Japanese Finance Minister Satsuki Katayama said she did not maintain her statement in March that the real value of the yen was around 120-130 yen per dollar, citing her current role as a monetary policy supervisor.

Investors now see a 74.7% chance that the Federal Reserve will cut interest rates by another 25 basis points at its December 10 policy meeting, down from 91.1% a week ago, according to CME Group's FedWatch tool. The yield on the benchmark 10-year US Treasury note rose to 4.0989%, its highest in three weeks, from 4.093% the previous session.

The euro rose 0.06 percent to $1.1572 after the European Central Bank (ECB) kept interest rates unchanged at 2 percent for a third straight meeting, saying current policy remains “appropriate” amid easing economic risks in the region.

The British pound rose 0.07% to $1.3160.

Against the offshore yuan, the dollar was steady at 7.1089 yuan per dollar before Beijing released its October PMI data.

The Australian dollar fell 0.03% to $0.6553.

The New Zealand dollar fell 0.14% to $0.5734.

Source: https://thoibaonganhang.vn/sang-3110-ty-gia-trung-tam-tang-2-dong-172839.html