USD Index
On the morning of November 5, in the US market, the USD Index (DXY) measuring the fluctuations of the greenback against 6 major currencies increased by 0.21%, standing at 100.09 points.
The US dollar is trading at a three-month high, as internal disagreements within the US Federal Reserve (Fed) have forced investors to adjust their expectations for the interest rate path, while the British pound plummeted after the British Finance Minister warned that there will be "difficult options" in the upcoming budget.
General market sentiment on November 3 became clearly gloomy when stocks decreased, government bond yields cooled down as cash flow sought safe-haven assets such as the Japanese Yen and the Swiss francs.
Fed officials continue to give mixed views on the economic situation and existing risks, in the context of the US temporarily suspending the release of many economic data due to the government shutdown.
This expectation adjustment has helped the USD increase strongly. The Dollar Index has surpassed the 100-point mark for the first time since early August, and was most recently recorded at 99.822 points.
VND vs USD exchange rate
In the domestic market, at the beginning of the trading session on November 5, the State Bank announced that the central exchange rate of the Vietnamese Dong increased by 2 VND, currently at 25,095 VND.
The reference USD exchange rate at the State Bank's Buying - Selling Transaction Office increased by 2 VND, currently at: 23,891 VND - 26,299 VND.
At commercial banks, USD prices increased after a series of mixed developments.
Banks listed USD selling prices at VND26,349/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 157-394 VND/USD.
