USD Index
On November 19, in the US market, the USD Index (DXY) measuring the fluctuations of the greenback against 6 major currencies decreased by 0.12%, reaching 99.42 points.
The USD reversed and decreased slightly after a day of higher correction compared to some other currencies as waiting for US economic data to be released this week.
The market is witnessing some tug-of-war before economic data released after the US government reopens.
A series of data piled up during the federal government's shutdown are expected to be released from this week, with the September non-farm payrolls report being closely monitored and released on Thursday. These figures are expected to provide further clues about the "health" of the world's largest economy.
Mr. Uto Shinohara - Senior Investment Strategist at Mesirow Currency Management commented: "With the government temporarily escaping the closure, the market is paying attention to the Fed's meeting minutes and upcoming labor data, to find a signal for the December decision. The interest rate cut in December is almost 50-50".
"Inflation still feels persistent despite the lack of new data, while the labor market shows signs of cooling down. The report released on Thursday will be useful, but it reflects the old September situation, which could have a strong psychological impact if the headings were too large," added Uto Shinohara.
VND vs USD exchange rate
In the domestic market, at the beginning of the trading session on November 19, the State Bank announced that Vietnam's central exchange rate increased by 12 VND after a slight decrease, currently at 25,132 VND.
The reference USD exchange rate at the State Bank's Buying - Selling Transaction Office is currently at: 23,926 VND - 26,338 VND, increasing by 12 VND in both directions.
At commercial banks, USD prices increased strongly in both buying and selling directions, both in cash and by bank transfer.
Most banks listed USD selling prices at VND26,388/USD.
Bank with the highest cash and bank transfer price: ABBank (26,372 VND/USD, up 48 VND/USD).
The difference between buying and selling prices at banks fluctuates within a large range of 16-384 VND/USD.
