This week, the DXY index is likely to continue to fluctuate in a narrow range (98.50–100) or decline slightly if economic data such as the consumer confidence survey continues to be weak.
The US dollar is expected to continue to be influenced by global macroeconomic and policy factors this week. The USD exchange rate may fluctuate within a narrow range but there is still a risk of slight appreciation due to factors such as US trade policy, the Federal Reserve's interest rate decision, and global economic developments.
In addition to macroeconomic factors, the USD is also influenced by geopolitical developments and market sentiment. Trade tensions, especially related to US tariffs on China, could boost demand for the USD as a safe-haven asset. At the same time, the recovery of the Japanese economy and the possibility of tightening monetary policy from the Bank of Japan (BoJ) could weaken the USD against the Japanese Yen (JPY) in the short term. However, investors remain cautious about volatility in the cryptocurrency market and gold, which are competing with the USD as safe-haven investments.
The EUR is expected to maintain a slight upward trend against the USD, with EUR/USD trading in the range of 1.1380-1.1450, unless there is any surprise economic data from the US or comments from the ECB that change the market sentiment. The EUR will continue to rise slightly in the short term, although there will be no strong breakout without supporting data or new geopolitical developments.
In the domestic market, at the beginning of the trading session on June 9, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,992 VND.
The reference exchange rate at the State Bank's transaction office remains unchanged, currently at: 23,793 VND - 26,191 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank buys 25,830 VND; sells 26,220 VND
Vietinbank buys 25,720 VND; sells 26,230 VND
BIDV buys 25,881 VND; sells 26,241 VND
Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-09-6-chi-so-usd-index-dung-o-muc-99-20-254977.html
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