USD Index
On November 30, in the US market, the USD Index (DXY) measuring the fluctuations of the greenback against 6 major currencies continued to decrease slightly by 0.14%, anchored at 99.46 points.
The greenback has weakened this week as traders believe that poor labor data will prompt the Fed to conduct further rate cuts, although many Fed officials have expressed concern about high inflation.
Mr. Eric Theoret - foreign exchange strategist at Scotiabank (Toronto) - commented: "It can be seen that after a series of data released after the government reopens, it is generally quite weak... The overall data is leaning towards the possibility of the Fed cutting interest rates".
The US Federal government is releasing a series of backlogged economic data after ending a record 43-day closure. According to CME Group's FedWatch tool, traders are now assessing the probability of the Fed cutting interest rates at its meeting from December 9-10, up to 87%, up from 71%, a week ago. Fed officials entered a "silent" period from Saturday before this meeting.
VND vs USD exchange rate
In the domestic market, at the beginning of the trading session on November 30, the State Bank announced that Vietnam's central exchange rate remained unchanged, currently at VND 25,155.
The reference USD exchange rate at the State Bank's Buying - Selling Transaction Office is currently at: 23,948 VND - 26,362 VND.
At commercial banks, the USD price reversed and fell sharply.
Most banks listed USD selling prices at VND26,412/USD.
Bank with the highest cash and transfer price: HSBC (26,255 VND/USD).
The difference between buying and selling prices at banks fluctuates within a large range of 157-419 VND/USD.
