On the international market, the USD-Index decreased by 0.32 points compared to the previous week, to 103.96 points.
According to the minutes of the January 2024 meeting, members of the Federal Reserve want to see more evidence that inflation is cooling down towards the 2% target in a sustainable way before lowering interest rates. Some officials are concerned that progress on inflation may slow down. Overall, the minutes of this meeting reinforced expectations that interest rates will remain high in the near future.
Recent data also showed that consumer and producer prices in the United States are higher than previously forecasted, dispelling speculation about an early interest rate cut.
Source: SBV
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In the domestic market, the central exchange rate of the Vietnamese dong against the USD increased by 25 dong/USD compared to the previous week (session on 16/02), reaching 23,996 dong/USD in the session on 23/02.
The State Bank of Vietnam (SBV) kept the spot buying rate unchanged at 23,400 dong/USD. Meanwhile, commercial banks raised the spot selling rate by an additional 26 dong/USD compared to the 16/02, to 25,145 dong/USD.
Source: VCB
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Along with that, the listed exchange rate at Vietcombank increased sharply by 110 dong/USD in both directions, reaching 24,420 dong/USD (buying) and 24,790 dong/USD (selling).
 Source: VietstockFinance
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