USD Index
On November 13, in the US market, the USD Index (DXY) measuring the fluctuations of the greenback against 6 major currencies increased by 0.15%, to 99.49 points.
The US dollar has risen against the Japanese Euro and Yen as traders assess the impact of the upcoming economic data wave on the interest rate policy of the Federal Reserve (FED), in the context that the US Government is expected to vote to reopen after the historic closing period.
The House of Representatives is expected to vote to approve a temporary funding package yesterday to end the longest government shutdown in history. Thereby, restoring food support programs, paying salaries to hundreds of thousands of civil servants, and reopening the paralyzed air traffic control system.
When the government reopens, a series of economic reports that have been delayed in the past will be released, including the monthly jobs report. Eric Theoret - Foreign exchange strategist at Scotiabank, Toronto - commented: "We are about to witness a "day loan" after a quiet period, so the possibility of strong market fluctuations is very high".
Fed Chairman Jerome Powell said last month that a rate cut at the December meeting was not a certain thing, and Fed policymakers were still divided on whether to continue policy easing, as inflation remained relatively high.
According to Fed funds futures, the probability of the Fed cutting interest rates in December is currently at 64%.
US Treasury Secretary Scott Bessent said that the US people will soon see "significant announcements" to reduce prices of imported goods such as coffee, bananas and non-domestic products.
VND vs USD exchange rate
In the domestic market, at the beginning of the trading session on November 13, the State Bank announced that the central exchange rate of the Vietnamese Dong increased by 11 VND, currently at 25,129 VND.
The reference USD exchange rate at the State Bank's Buying - Selling Transaction Office is currently at: VND 23,923 - VND 26,335.
At commercial banks, USD prices have been adjusted in opposite directions at brands.
Banks listed USD selling prices at VND26,385/USD.
Bank with the highest cash and bank transfer price: ABBank (26,321 VND/USD).
The difference between buying and selling prices at banks ranges from 64-390 VND/USD.
