How much is the VND for the current USD exchange rate?
The central exchange rate is listed by the State Bank at 23,163 VND/USD.
The black market USD exchange rate today is at 23,865 - 23,930 VND (buy - sell).
Vietcombank's exchange rate today is listed at: VND 22,920 - VND 23,230 (buy - sell), increasing sharply in both directions compared to the previous trading session.
Vietcombank's Euro exchange rate is currently at VND 23,347 - VND 24,655 (buy - sell).
The Japanese Yen exchange rate is currently at 174 VND - 184 VND (buy - sell).
The British exchange rate is currently at VND 27,466 - VND 28,638 (buy - sell).
The Nhan exchange rate today is at 3,332 VND - 3,475 VND (buy - sell).
USD price today skyrocketed to a 20-year peak, Gold price today hit 3-month low low
The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 104.767.
USD prices surged to a 20-year high. Investors are concerned that the Fed's actions to reduce high inflation will curb global economic growth, promoting the safe-haven attraction of the USD.
Data from the Department of Labor shows that the number of weekly jobless applications has increased to a three-month high, although the labor market is still a strength of the US economy. In terms of inflation, the producer price index fell sharply in April, increasing by only 0.5%, partly thanks to a sharp decline in energy products.
The Fed raised interest rates to 50 basis points last week, the largest increase in 22 years. Investors are trying to assess how the central bank's policy will be positive. According to CME's FedWatch tool tool, the market is being valued for another rally of at least 50 basis points.
Central Bank of Ireland Governor Gabriel Makhlouf expressed his agreement with the European Central Bank's policymakers calling on the Board of Governors to take action to address inflation, although it is not necessary to be at the same pace as the Fed.
The global stock market fell sharply, the S&P 500 almost confirmed that it was falling into the " bear market" trend.
Investors have focused on safe-haven assets such as the dollar. Investors are concerned about the Fed's inflation reduction causing a recession, the consequences of the war in Ukraine and the increase in COVID-19 cases in China reducing demand. Concerns about a prolongedly stagnant inflationary environment with slow growth and high prices have also reduced risk appetite.
US Treasury Secretary quan quan Yellen told the US House Financial Services Commission during a hearing that the Fed could cut inflation without causing a recession because the US jobs market and household balance sheet are strong, with low debt costs and a strong banking sector. Fed Chairman Jerome Powell has also been confirmed by the US Senate for a second term.
The Japanese Yen has also emerged as a safe haven. The Japanese Yen has gained 1.47% against the greenback at 128.08 per dollar.
The Euro fluctuates near its lowest level since the beginning of 2017 after Russian sanctions led to disruptions in gas supplies to Europe. This raises concerns about economic decline in the Eurozone.
The stronger USD pushed world gold prices to a 3-month low. Gold has become less attractive after the USD increased to a 20-year peak.
World gold prices are currently at 1816.90 - 1817.90 USD/ounce.
Domestic SJC gold price is currently at 69.70 - 69.40 million VND/tael (buy - sell).
SJC gold price decreased by 900 thousand VND in both directions compared to the previous session.
