The free market reversed course and declined.

On the morning of July 2nd, the State Bank of Vietnam announced the central exchange rate between VND and USD at 24,253 VND, a mere increase of 1 VND compared to yesterday. USD prices at commercial banks remained unchanged, such as Vietcombank buying at 25,245 VND and selling at 25,465 VND; Eximbank buying at 25,240 VND and selling at 25,466 VND…

Similarly, the free market USD exchange rate decreased by 40 dong in the buying rate to 25,860 dong and by 20 dong in the selling rate to 25,960 dong. Currently, the free market USD rate is still nearly 500 dong higher than that of banks.

The free market USD exchange rate reversed its upward trend and fell on the morning of July 2nd.

The US dollar rose slightly globally . The USD-Index reached 105.56 points, down 0.96 points from yesterday. According to Investing , the dollar surged to a new 38-year high against the yen as long-term Treasury bond yields rose sharply. The market is waiting to see if the Japanese government will take any action to support its currency.

This week, the market will only trade for four sessions due to the US Independence Day holiday on July 4th. Investors are awaiting the US non-farm payrolls report, to be released on Friday (July 5th), to look for new signs about when the Federal Reserve (Fed) might begin cutting interest rates. Economists expect the US economy to add 189,000 jobs in June after a larger-than-expected increase of 272,000 jobs last month.

In addition, several other data points were released, such as the jobs report released today, which forecasts a continued decline in the number of jobs in May. Following that, the minutes of the Fed's June meeting will be released tomorrow (July 3rd), and Fed Chairman Jerome Powell will appear at the European Central Bank's annual forum in Portugal.

Source: https://thanhnien.vn/gia-usd-hom-nay-272024-thi-truong-tu-do-quay-dau-giam-185240702084124745.htm