Early today, the State Bank of Vietnam announced that it had set the central rate for the US dollar at 25,627 dong. The US dollar was reported to have edged higher in global markets, with movements against several major currencies also reported.
Today, the State Bank of Vietnam announced a central rate of 25,627 dong per US dollar. The US Dollar Index (DXY) was up 0.14% at 101.75, with the US dollar continuing to move in global markets.
The euro fell 0.21% against the dollar to $1.1191, with downward pressure expected to continue amid concerns over worsening security conditions and fiscal difficulties in France. The Japanese yen fell 0.1% against the dollar to ¥156.9, although demand for it as a safe-haven asset increased at times and a weekly gain of approximately 0.7% is expected.
For next week’s monetary policy meetings of the Fed, ECB and BOJ, the outlook is for rates to remain unchanged, although the probability of a December Fed hike is 81% and that of an ECB hike is 66%. Investors are closely watching signals concerning PMI data and inflation trends.
In the domestic market, today’s central rate for the US dollar was 25,627 dong, while the prevailing market trading range was 24,396–26,858 dong. The major banks’ buying/selling rates were 25,610/26,020 at Vietcombank, 25,475/26,015 at Vietnam Bank and 25,640/26,020 at MB.