On the morning of April 2, the central exchange rate between VND and USD announced by the State Bank remained at 24,004 VND. The USD price at Vietcombank also remained unchanged compared to yesterday, buying at 24,600 VND and selling at 24,970 VND. BIDV alone decreased by 20 VND, bringing the buying price down to 24,645 VND and selling at 24,955 VND...
Meanwhile, the free USD price increased again. Some foreign exchange points in Ho Chi Minh City bought at 25,420 VND and sold at 25,520 VND, an increase of 40 VND compared to yesterday. The free USD price is currently about 550 VND higher than the bank price.
Free USD price on the morning of April 2 increased again
The world USD price increased when the USD-Index reached 104.78 points, 0.57 points higher than yesterday. The yield of 10-year US bonds at the end of the session on April 1 (US time) increased by nearly 13 basis points to 4.319%. This is believed to be due to the market's reaction to the core personal consumption expenditure (PCE) price index data released last Friday when the market was closed for a holiday. The core PCE index, which excludes food and energy prices, showed that February inflation increased by 2.8% compared to the same period last year, matching the forecast.
Shortly after, the Chairman of the US Federal Reserve (Fed) also said that the latest PCE information did not weaken the central bank's basic outlook, but said that with the economy on such a strong footing now, this meant there was no need to rush to ease monetary policy.
The Fed chairman will deliver another speech this week, Wednesday at Stanford University. Economists at Deutsche Bank say the event is expected to see a more carefully worded message from the central banker on the near-term outlook for interest rate policy. The message is likely to be similar to the message delivered at the March 20 meeting, namely that the Fed is data-dependent and will need more evidence that inflation is on track to reach 2%...
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