US dollar, euro, and Japanese yen all increased

On the morning of January 14, the USD price recorded a week of high increase. For example, Eximbank bought at 24,240 VND and sold at 24,640 VND, an increase of 80 VND compared to the end of last week; Vietcombank bought at 24,260 VND and sold at 24,630 VND, an increase of 100 VND...

Similarly, the euro price also increased as Vietcombank bought 26,137 VND, sold 27,572 VND. Compared to the end of last week, the euro price increased by 166 VND. Or the Japanese yen also increased when Vietcombank bought 163.45 VND, sold 173 VND, an increase of 26 VND after a week...

USD, euro and Japanese yen prices all increased this week

The international USD price recorded a week of little change. The USD-Index stood at 102.17 points, down 0.23 points compared to the end of last week. However, since the beginning of the year, the index has increased by about 1%, in contrast to a decrease of more than 2% in 2023. Deutsche Bank said this was the most positive week for the USD-Index since July 2023.

The US consumer price index (CPI) rose more than economists had expected in December 2023, according to a report released by the US Department of Labor on January 11. The stronger-than-expected CPI increase is an important reminder of the unpredictable nature of the economic recovery and the uncertainty of macro data, Jon Maier, chief investment officer at Global X, told Reuters. Markets need to brace for potential volatility as the US Federal Reserve (Fed) may maintain or increase its tight monetary policy to counter inflationary pressures.

Some analysts also said that the possibility of the Fed cutting interest rates in the first quarter of 2024 is too optimistic when there is still no clear evidence that inflation will return to 2% and the US economy is in recession so that the Fed can adjust its monetary policy soon. It is likely that the first interest rate cuts will begin at the end of the second or third quarter of 2024...

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