On the news that the Fed decided to keep the key interest rate unchanged for the continuous fifth time, in the domestic market, USD prices at commercial banks kept the upward momentum.
At 08:30 on March 21st, 2024, the USD price at Vietcombank was quoted at 24,580 - 24,950 VND/USD (bid-ask), increasing by 30 VND in both buying and selling rates compared to the previous day.
At the same time, the yuan price at this bank was quoted at 3,371 - 3,515 VND/yuan (bid-ask), up 4 dong in the buying direction and up 1 dong in the selling direction.
At BIDV, the greenback price was quoted at 24,630 - 24,940 VND/USD (bid-ask), up 30 VND in both buying and selling rates compared to the previous day.
Meanwhile, the yuan price was quoted at 3,407 - 3,499 VND/yuan (bid-ask), rising by 4 dongs in both buying and selling directions.
The central exchange rate between Vietnamese dong (VND) and US dollar (USD) this morning was announced by the State Bank at 24,005 VND/USD, up 6 dong compared to close on March 20th, 2024.
With a margin of +/- 5% being applied, the ceiling rate applied by banks is 25,205 VND/USD and the floor rate is 22,804 VND/USD.
In world markets, the Dollar Index (DXY), which measures the dollar against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 103.40 points - down 0.19% from trading on March 20.
The dollar weakened in today's session after earlier, on March 20 (local time, ie dawn March 21 Vietnam time), after a two-day policy meeting, the Fed decided to keep interest rates stable at the current level of 5.25%-5.50%. In addition, the Fed said interest rates are expected to fall by 0.75 percentage points by the end of 2024, as it moves closer and closer to its goal of bringing inflation to 2%.
Reference: https://vtv.vn/.../usd-trong-nuoc-dong-loat-tang-cao...
