US dollar and many foreign currencies continuously decrease

On the morning of November 12, the USD price at commercial banks recorded a week of continued decline. Eximbank bought at 24,080 VND and sold at 24,470 VND, down 220 VND compared to the end of last week. Similarly, Vietcombank reduced 220 VND, bringing the buying price down to 24,100 VND and the selling price down to 24,470 VND... The free USD price maintained the buying price at 24,550 VND and the selling price at 24,620 VND.

Meanwhile, the euro price at Vietcombank was bought at 25,253 VND and sold at 26,640 VND, down 130 VND; the Japanese yen was bought at 155.99 VND and sold at 165.12 VND, down 2.58 VND compared to the end of last week...

The price of USD and many foreign currencies continues to decrease.

In recent days, the greenback has been falling continuously, in complete contrast to last year's performance. In its October macroeconomic report, Vietcombank Securities Company (VCBS) forecast that the strength of the USD will remain high until the end of the year, until there are certain signs that the US Federal Reserve (Fed) has reached its target interest rate. At the same time, the State Bank still prioritizes the target of lowering lending interest rates, causing constant pressure on the exchange rate. However, VCBS also mentioned some advantages such as abundant foreign currency supply, helping the VND exchange rate maintain a reasonable depreciation of 3% against the USD, under the condition that the USD-Index does not increase.

The world USD price recovered slightly. The USD-Index reached 105.81 points, up 0.21 points after a week. In addition, the Japanese Yen also increased but not significantly and remained at a low level when 1 USD was exchanged for 151.51 Yen.

The rally in the US dollar index and US government bond yields has slowed significantly in the past two weeks and many investors expect a slight cooling by the end of the year. But the Fed's hawkish stance, leaving open the possibility of a rate hike or a longer-term cut as expected, has kept the US dollar supported...

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