High demand, high USD prices, gold prices "evaporated" all year round

Trà My |

Foreign exchange rate today: USD price is anchored high. Gold prices fell sharply, losing efforts to increase gold prices throughout the past week.

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

The central exchange rate is listed by the State Bank at 23,160 VND/USD.

The black market USD exchange rate today is at 23,270 - 23,340 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 25,712 VND - 27,129 VND (buy - sell).

The Japanese Yen exchange rate is currently at 193 VND - 209 VND (buy - sell).

The British Stock Exchange rate is currently at 30,328 VND - 31,595 VND (buy - sell).

The Nhan exchange rate today is at 3,463 VND - 3,608 VND (buy - sell).

USD price today is high, Gold price today decreased

The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 94.10.

USD prices fell slightly as demand for safe-haven assets declined.

The International Monetary Fund (IMF) recently warned of an upward inflation risk and a downward growth risk.

The IMF expressed deep concern about the gap in economic recovery between countries. While inflation in developed countries will fall to 2% in mid-2022 after peaking at the end of 2021, the situation in emerging and developing economies has not improved much.

Boris Schlossberg - FX Strategy Executive Director at BK Asset Management - said: "Investors' risk appetite has increased sharply. That is beneficial for currencies like the British pound, the Euro and the Australian dollar, simply because the market is feeling much more positive.

The British pound increased sharply after information about the progress of negotiations between the UK and the EU on the implementation of the Brexit deal in the Northern Ireland market.

The dollar index initially stabilized after the release of retail sales data. However, the trend was later lower and eventually decreased by 0.106%. The greenback had a time to increase to a one-year high of 94.563 on Tuesday at the beginning of the week.

The greenback has gained in value against other currencies in the basket since early September. The reason is the expectation that the US central bank will tighten monetary policy faster than expected in the context of an improving economy and rising energy prices.

Minutes from the Fed's September meeting this week confirmed that cutting economic stimulus packages will begin this year. However, policymakers' views on inflation are strongly divided.

World gold prices face strong resistance at 1,800 USD/ounce, causing investors to have a strong profit-taking mentality every time gold prices reach this level.

World gold prices are currently at 1,770.40 - 1,771.40 USD/ounce.

Today's SJC gold price is 57.00 million VND/tael (buy) and 57.72 million VND/tael (sell).

Trà My
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Black market USD price spikes, gold price drops, investors race to make a profit

Trà My |

Foreign exchange rate today: Black market USD continues to increase while gold price decreases slightly.

Signs of instability, USD prices drop to the bottom of the week, gold prices gain momentum to increase

Trà My |

Foreign exchange rate today: USD price cools down while gold price suddenly accelerates strongly.

Black market USD continues to increase, unexpected pressure pushes gold prices down

Trà My |

Foreign exchange rate today: Free USD price continues to increase in contrast to the world USD price has shown signs of cooling down. Gold prices failed to break out.