USD Index
On the morning of November 4, in the US market, the USD Index (DXY) measuring the fluctuations of the greenback against 6 major currencies increased by 0.15%, standing at 99.95 points.
In the first year since Donald Trump was elected US President for the second time, the global financial market has faced unprecedented policy shocks, uncertainty and high volatility, as stocks, gold and cryptocurrency all set new records.
The US dollar most clearly reflects how the world views Trump's unpredictability. Initially, the USD increased sharply after the election due to expectations of economic stimulus, but has now lost a net 4% in value.
Mr. Trump's tariff measures and trade instability have prompted investors to seek alternative assets.
However, demand for the US dollar remains unlikely to ease, according to Piotr Matys: "When the market fluctuates, the US dollar remains the cleanest shirt to wear."
VND vs USD exchange rate
In the domestic market, at the beginning of the trading session on November 4, the State Bank announced that the central exchange rate of the Vietnamese Dong is currently at 25,093 VND.
The reference USD exchange rate at the State Bank's Buying - Selling Transaction Office remains unchanged, currently at: 23,889 VND - 26,297 VND.
At most commercial banks, USD prices increase or decrease depending on the brand.
Banks listed USD selling prices at VND26,347/USD.
Bank with the highest cash and transfer price of USD: HSBC (26,192 VND/USD).
The difference between buying and selling prices at banks ranges from 155-402 VND/USD.
