Exchange rate
Black market USD prices cool down, gold prices "tune" the bottom due to strong selling pressure
|
Foreign exchange rate today: Domestic black market USD price drops below 24,000 VND. While the world USD price is anchored high. World gold prices fell sharply due to a lack of supporting news and a high world USD.
Hot news just appeared, buyers struggle to push USD prices skyrocket, gold is sold off
|
Foreign exchange rate today: USD prices skyrocketed after China's low economic data caused concerns about the global economic recession. Gold prices are under strong selling pressure as the USD increases in price.
Purchasing power increases, USD prices gradually strengthen, gold prices fluctuate due to selling pressure
|
Foreign exchange rate today: USD price increased despite concerns about upcoming inflation data. Gold prices are fluctuating, investment cash flow in gold is not strong. SJC gold price fell by 100 thousand VND/tael.
Gold price today 8.10: bottom-fishing demand increases, gold price skyrockets as USD decreases
|
Gold prices today increased again as USD prices fell sharply. The focus of the market is on the US inflation report released this week. Gold prices are expected to have a big impact on this index.
Hot exchange rate, businesses "difficult" because USD price increases
|
90% of Vietnam's import-export transactions are paid in USD. The story of exchange rate management continues to be a difficult problem that causes the State Bank to have a headache in the context of high inflation. For importing enterprises, the increase in the USD/VND exchange rate may increase capital prices, leading to a decrease in profits.
Fed runs out of room to increase interest rates, experts say "The State Bank of Vietnam has a headache because of exchange rates"
|
Vietnams foreign exchange reserves are currently not enough to maintain monetary policy independence. US interest rates are expected to peak in late 2022. The Fed must stand together, if it is sitting, it must sit. The prices of countries that choose to be independent in monetary policy such as Thailand and Japan are that domestic currencies have lost a lot of value," said Mr. Tran Ngoc Bau, Founder & CEO of WiGroup.
Big bottom, USD price skyrockets, gold price loses 300,000 VND/tael
|
Foreign exchange rate today: USD price increased sharply against the Japanese Yen. Gold prices fell as the US dollar and US bond yields increased.
Unexpected hot news, USD price skyrockets, gold price drops by 300,000 VND/tael
|
Foreign exchange rate today: USD price increased after the employment report data was released. Gold prices rebounded after China-US tensions but then plummeted.
Strong USD and impact on countries around the world
|
The USD is at a 20-year high against other currencies in the world, strongly affecting many economies.
Revealing the fate of the USD in Russia
|
Russian Central Bank Governor Elvira Nabiullina on July 22 mentioned the fate of the US dollar in Russia.
What caused the central exchange rate to skyrocket by 24 VND, the black market USD to skyrocket by 24,550 VND?
|
The State Bank suddenly announced that the central exchange rate skyrocketed by 24 VND compared to yesterday. Black market USD prices have also increased continuously in recent days while domestic SJC gold prices have not fluctuated too strongly.
Russia needs a "golden ruble"
|
A gold-backed cryptocurrency would be immune to Russian sanctions, according to VEB.RF analysts.
The State Bank will increase the frequency of selling foreign currency interventions, stabilizing exchange rates
|
The State Bank will increase the frequency of foreign currency intervention sales to be ready to supplement foreign currency supply to the market more regularly, thereby creating conditions for the credit institution system to fully and promptly meet the legitimate foreign currency needs of organizations and individuals, including the need for foreign currency to import essential goods for domestic production and business and export, thereby contributing to stabilizing the market and supporting economic recovery, said Mr. Pham Chi Quang - Deputy Director in charge of the Department of monetary Policy, State Bank.
Russia takes action to prevent the ruble from rising sharply
|
A strong ruble could pose a risk to the Russian economy, forcing the Russian central bank to intervene.
Russian ruble suddenly fluctuates unusually
|
The Russian ruble has been the world's best-performing currency this year, but has fluctuated unexpectedly following the latest intervention by the central bank.