USD Index
On the morning of October 31, in the US market, the USD Index (DXY) measuring the fluctuations of the greenback against 6 major currencies increased by 0.4%, standing at 99.55 points.
This improvement is said to be due to the positive sentiment surrounding high-level trade negotiations between President Donald Trump and Chinese President Xi Jinping, along with the recent bilateral trade deal with South Korea.
Mr. Bart Wakabayashi - Director of Tokyo branch of State Street - commented: "The increase of the USD can be seen as a natural reaction after a period of strong sell-off. The market is finding balance and can react quite responsibly to upcoming political and economic signals".
VND vs USD exchange rate
In the domestic market, at the beginning of the trading session on October 31, the State Bank announced that the central exchange rate of the Vietnamese Dong remained unchanged against the USD, currently at VND 25,091.
The reference USD exchange rate at the State Bank's Buying - Selling Transaction Office remains unchanged, currently at: 23,887 VND - 26,295 VND.
At most commercial banks, the USD price today increased and decreased depending on the brand.
Banks listed USD selling prices at VND26,345/USD.
Bank with the highest cash and transfer price: HSBC (26,211 VND/USD, up 1 VND).
The difference between buying and selling prices at banks ranges from 134.85 VND/USD.
