How much is the VND for the current USD exchange rate?
The central exchange rate is listed by the State Bank at 23,176 VND/USD.
The black market USD exchange rate today is at 23,250 - 23,300 VND (buy - sell).
Vietcombank's exchange rate today is listed at: VND 22,920 - VND 23,150 (buy - sell), an increase of VND 10 in the selling direction compared to the previous trading session.
Vietcombank's Euro exchange rate is currently at VND 26,987 - VND 28,397 (buy - sell).
The Japanese Yen exchange rate is currently at 204 VND - 214 VND (buy - sell).
The British exchange rate is currently at 31,544 VND - 32,861 VND (buy - sell).
The Nhan exchange rate today is at 3,501 VND - 3,647 VND (buy - sell).
The Australian Dollar exchange rate today is at 17,340 - 18,064 VND (buy - sell).
USD price today drops, gold price today increases
The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 90.287.
The XAU/USD gold exchange rate is currently at 1844.90 USD/ounce.
The USD depreciated amid falling US bond yields. When the USD decreases, it is a favorable factor that drives the Euro up.
The decline in the dollar and Treasury yields have added to the appeal of gold. Spot gold prices increased by 0.9%.
The US President is about to announce a budget proposal for fiscal 2022.
The push to scale up the upcoming budget package will be a significant challenge after the pandemic, which has severely affected the economy and led to a fiscal reaction worth thousands of billions of USD as well as bringing the federal debt to more than 28 trillion USD.
In a recent meeting, billionaire Buffett said the US economy has recovered strongly thanks to the US Federal Reserve's support measures and stimulus packages passed by Congress. According to him, 85% of the economy's activities are taking place at a high rate.
A series of newly released economic data including inflation data and core consumer price index were higher than experts had previously forecast.
Production prices in the US are higher than expected. The producer price index increased by 0.6% compared to the previous month and 6.2% compared to the same period last year in April.
Meanwhile, the initial number of jobless claims this week fell to a 14-month low.
All newly released data points to increased inflationary pressures in the United States. Strong COVID-19 vaccination programs allow economic recovery.
However, the US Federal Reserve remains steadfast in its current dovish monetary policy. A series of Fed officials have repeatedly reiterated that the spike in inflation will only be temporary.
But the Fed's assurance is not enough to ease some investors' concerns.
"Inflation will remain a major issue for markets in the coming months. The Fed says it will be temporary, but markets are wondering "What happens if it is not temporary," said Yukio Ishizuki, senior analyst at Daiwa Securities.
Online Kitco gold price is currently at 1843.90 - 1844.90 USD/ounce.
Domestic gold prices are as follows: SJC gold price today is 55.90 million VND/tael (buy) and 56.40 million VND/tael (sell).
