USD Index
On the morning of November 3, in the US market, the USD Index (DXY) measuring the fluctuations of the greenback against 6 major currencies increased by 0.28%, standing at 99.80 points.
At the end of last week, the USD increased by 0.88 points according to the measurement index in 6 major currencies.
The USD recorded the second consecutive week of price increases, in the context of improved market sentiment thanks to positive progress in US-China trade relations and a cautious orientation from the US Federal Reserve.
At a regular press conference, Fed Chairman Jerome Powell said the Fed is having difficulty making accurate decisions due to a lack of economic data in the context of the temporary shutdown of the federal government.
"An additional interest rate cut at the December meeting is not certain. It's too far to say that," Powell added.
This statement warned the market not to expect another interest rate cut in December.
Along with that, investors are still cautious when monitoring developments in Washington, the prolonged US government shutdown continues to be a factor that puts pressure on market sentiment.
VND vs USD exchange rate
In the domestic market, at the beginning of the trading session on November 3, 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, the USD price today remains unchanged.
Banks listed USD selling prices at VND26,347/USD.
The bank with the highest cash and transfer price of USD: HSBC (26,206 VND/USD).
The difference between buying and selling prices at banks ranges from 236-402 VND/USD.
