The free market exchange rate continues to fall sharply.

USD transactions at a bank counter in Ho Chi Minh City.

This morning, foreign exchange bureaus in the market continued to lower the buying and selling prices of the US dollar. The selling price of USD at some foreign exchange bureaus on Ha Trung Street ( Hanoi ) decreased by 50-60 dong compared to yesterday, down to 25,250-25,260 dong. The buying price of each USD was around 25,200 dong, with a buying-selling margin of about 50-60 dong.

The free market exchange rate has begun to fall sharply over the past month, as the US dollar has weakened in the international market. The Dollar Index – a measure of the dollar's strength – has declined for several consecutive weeks. The index is currently at 101.33 points, down nearly 4.5% from its peak at the end of June (106.05 points).

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With the exchange rate rising sharply, the State Bank of Vietnam issued treasury bills to absorb excess liquidity.

SJC gold bar prices surged, reaching a new peak of 84.82 million VND/ounce.

The exchange rate fell for 5 consecutive sessions, and the State Bank of Vietnam withdrew a net amount of over 48,279 billion VND.

Compared to its peak of nearly 26,000 VND set at the end of June, the free market USD price is currently 750 VND lower, equivalent to a decrease of about 3%.

Contrary to the sharp decline in the free market, the selling price of USD at banks has increased, narrowing the spread to below 100 dong - the lowest in many months.

On the morning of August 23rd, Vietcombank quoted the selling price of USD at 25,190 VND per USD, an increase of approximately 70 VND compared to yesterday. This rate differs from the free market rate by only about 60 VND, or 0.2%. Previously, when the US dollar peaked at 26,000 VND, the difference between these two markets was over 500 VND per USD.

At other banks, the selling price of US dollars is around 25,170-25,220 VND, an increase of about 60-80 VND compared to August 22nd.

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Strengthening the friendship between Vietnam and the United States.On July 3rd, as part of the Pacific Partnership - Friends of the Pacific 2026 program, the U.S. Army Pacific delegation, led by Lieutenant General Joel Vowell, Deputy Commander of the U.S. Army Pacific, paid a courtesy visit to the Quang Tri Provincial Military Command.

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The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

Market attention is focused on the Federal Reserve's next move. Most investors are now betting the Fed will ease monetary policy at its next meeting. The only remaining debate is whether it will cut rates by 25 basis points (0.25%) or 50 basis points. The minutes from the July meeting, released earlier this week, also suggest the Fed is poised to act.

TH (according to VnExpress)

Source: https://baohaiduong.vn/ty-gia-tu-do-tiep-tiep-giam-sau-391071.html