Both yen and euro increased in the same direction.

On the morning of April 7, the USD price at commercial banks recorded a week of increase. For example, Vietcombank bought at 24,750 VND and sold at 25,120 VND, an increase of 150 VND compared to the end of last week. Similarly, Eximbank increased by 170 VND after a week, bringing the buying price to 24,750 VND and the selling price to 25,140 VND...

The Japanese yen also continued to increase, with Vietcombank buying at 160.06 VND and selling at 169.41 VND, 1.19 VND higher than last week. Similarly, the euro price also increased throughout the week. Vietcombank currently buys at 26,316 VND and sells at 27,759 VND, plus 312 VND...

USD price increased throughout the week

In contrast to the domestic trend, the world USD price decreased slightly last week when the USD-Index fell to nearly 104 points. The US employment report for March released on April 5 (US time) showed that the US economy created 303,000 more jobs in March, higher than the forecast of 200,000 jobs from economists participating in a Reuters poll.

The US jobs growth has supported expectations of monetary easing and pushed the greenback lower. The dollar had earlier gained momentum after some US Federal Reserve officials said that interest rate cuts may not be necessary or would be smaller this year if inflation continues to slow.

The US Federal Reserve (Fed) announced that it would keep interest rates unchanged after its March meeting, but also maintained its view that there would be three cuts this year. However, some analysts believe that if inflation continues to persist, the US central bank could reduce the number of interest rate cuts...

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