USD price increases, domestic gold price is greatly different from world gold

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Foreign exchange rate today: USD price skyrockets. Domestic gold prices are significantly different from world gold prices.

How much is the VND for the current USD exchange rate?

The central exchange rate is listed by the State Bank at 23,134 VND/USD.

The black market USD exchange rate today is at 23,050 - 23,120 VND (buy - sell).

Vietcombank's exchange rate today is listed at: VND 22,630 - VND 22,860 (buy - sell), unchanged in both directions compared to the previous trading session.

Vietcombank's Euro exchange rate is currently at VND 26,044 - VND 27,400 (buy - sell).

The Japanese Yen exchange rate is currently at 200 VND - 212 VND (buy - sell).

The British exchange rate is currently at 30,430 VND - 31,702 VND (buy - sell).

The Nhan exchange rate today is at 3,452 VND - 3,597 VND (buy - sell).

USD price today's increase, gold price today drops sharply

The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 93.270.

USD prices are greatly affected by the information that the US Federal Reserve (Fed) said on September 22 that it could "soon" raise interest rates as well as start reducing stimulus measures during the pandemic.

Experts predict that there will be the first interest rate increase in 2022 and the most of the three in 2023.

The Foreign Market Committee (FOMC) believes that recent price pressure is due to "temporary factors", while Chairman Jerome Powell said he hopes the supply effect will ease and allow inflation to fall back to the long-term target of 2%.

Investors are concerned that stimulus is boosting prices to escalate.

Fed Chairman Jerome Powell admitted that inflation could be higher than expected due to the impact of large-scale closures by businesses last year.

Fed Chairman Cleveland Loretta Mester reiterated the message that the Fed is likely to gradually reduce bond purchases this year and start raising interest rates by the end of next year if the job market continues to improve as expected.

The Fed is currently buying at least $80 billion in Treasury bonds and $40 billion in monthly collateral as part of a bid to stimulate the economy.

Concerns that Evergrande's collapse could fuel financial uncertainty and hold back China's economic growth have rocked global markets early in the week. Worries ease after the developer agrees to pay some maturing bond interest.

But the uncertainty is still a long way off as dollar-denominated bondholders say they have yet to get the money.

World gold prices are under downward pressure as major central banks around the world are signaling early changes in monetary policy.

Today's gold price in the domestic market continues to be maintained at a high level by enterprises, causing a gap with world prices of up to 9 million VND/tael.

World gold prices are currently at 1,750.20 - 1,751.20 USD/ounce.

Today's SJC gold price is 56.70 million VND/tael (buy) and 57.45 million VND/tael (sell).

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Black market USD price drops to VND23,000, gold price remains "dark" at bottom

Trà My |

Foreign exchange rate today: Black market USD price decreased in the buying direction while world USD continued to increase as buying demand gradually increased. Gold prices today are under strong selling pressure as USD prices and bond yields are both high.

USD price skyrockets for 1 month when Fed keeps interest rates unchanged, gold prices plummet

Trà My |

Foreign exchange rate today: USD price skyrockets to a 1-month peak. Gold prices today fell slightly after the Fed announced it had not raised interest rates.

Evergrande shocks bankruptcy, USD prices hover for 1 month, gold prices gradually increase

Trà My |

Foreign exchange rate today: USD price increased to a 1-month peak. Gold prices today are starting to move out of the bottom line.