Foreign exchange rate 8.5: Heavy pressure from gold, USD price suddenly decreases

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Foreign exchange rate today (May 8): USD prices fell sharply when the US unemployment report was released, causing investors to change their risk appetite. Gold price today is at 55.95 million VND/tael.

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

The central exchange rate is listed by the State Bank at 23,179 VND/USD.

The black market USD exchange rate today is at 23,400 - 23,480 VND (buy - sell).

Vietcombank's exchange rate today is listed at: 22,950 VND - 23,160 VND (buy - sell).

Vietcombank's Euro exchange rate is currently at VND 26,988 - VND 28,398 (buy - sell).

The Japanese Yen exchange rate is currently at 205 VND - 215 VND (buy - sell).

The British exchange rate is currently at 31,241 VND - 32,546 VND (buy - sell).

The Nhan exchange rate today is at VND 3,499 - VND 3,645 (buy - sell).

The Australian Dollar exchange rate today is at 17,497 - 18,227 VND (buy - sell).

USD prices today's sharp drop, gold price today skyrocketed

The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 90.483.

The XAU/USD gold exchange rate is currently at 1831.70 USD/ounce.

USD prices fell to a one-week low. Information about the US job market data released by the Ministry of Labor has made investors believe that the economy will recover strongly after the pandemic. This increases investors' risk appetite.

The number of Americans filing for unemployment benefits for the first time last week fell to its lowest level since the COVID-19 outbreak and triggered a mass wave of layoffs.

President Biden signed the largest relief package in history worth $1.900 billion on March 11, a day after it was approved by Congress.

The bill, called the US Rescue Plan, includes a direct $1,400 grant to each US citizen, an increase in vaccine distribution efforts, reopening schools, and extending unemployment benefits until September, supporting state and local governments, and expanding the low-cost health care program ( Obamacare).

USD prices fell about 0.5% last week.

US payroll data showed nearly 1 million new jobs in April. This signals that the economic reopening thanks to a major stimulus package from the US government has increased human resource demand.

But better economic data has worried experts about rising inflation. This leads to expectations that the Federal Reserve will reduce monetary stimulus, which could boost US yields and the dollar.

The Euro rose 0.1% on the day to $1.20715.

The British pound rose more strongly against the dollar at 1.3912 USD. The British pound is quite stable against the Euro around 86.765 penny/ Euro.

China's exports suddenly accelerated in April and import growth reached a decade-high, pushing the yuan and Asian stocks up.

The yuan increased to a 2-month peak against the USD.

The Canadian dollar rose to its highest level in more than three years against the US dollar.

The Australian dollar is supported by a strong recovery in Australian iron ore exports.

Online Kitco gold price is currently at 1830.70 - 1831.70 USD/ounce.

Domestic gold prices are as follows: SJC gold price today is 55.60 million VND/tael (buy) and 55.95 million VND/tael (sell).

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Foreign exchange rate today (May 6): USD prices fell sharply as gold prices rebounded from the strong resistance level of 1,800 USD/ounce. Gold price today is at 55.95 million VND/tael.

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Foreign exchange rate 7.5: USD falls sharply, gold increases, investors are excited

Trà My |

Foreign exchange rate today (May 6): USD prices fell sharply as gold prices rebounded from the strong resistance level of 1,800 USD/ounce. Gold price today is at 55.95 million VND/tael.

Foreign exchange rate 6.5: The increase stopped, the USD dropped from the 2-week peak

Trà My |

Foreign exchange rate today (May 6): USD price after a sharp increase has suddenly decreased. Gold price today is at 55.75 million VND/tael.

Foreign exchange rate 5.5: USD bounces strongly after forecast of rising interest rates

Trà My |

Foreign exchange rate today (May 5): USD price immediately increased after the US Treasury Secretary's speech on interest rates may increase if the economy develops hotly. Gold price today is at 55.65 million VND/tael.