With a trading amplitude of ±5% compared to the central exchange rate, the ceiling rate applied is 26,239 VND/USD, and the floor rate is 23,740 VND/USD.
According to the buying and selling rates quoted by the State Bank’s Trading Department, the USD is bought and sold at 23,791 – 26,189 VND/USD, an increase of 8 dong and 29 dong, respectively, compared to the previous session on June 11th.
Meanwhile, exchange rates at commercial banks were adjusted sideways compared to the previous session’s close (June 11th). Specifically, at 9:30 am today, Vietcombank listed the buying and selling rates for USD at 25,810 – 26,200 VND/USD, unchanged from the previous close.
Similarly, BIDV listed the greenback at 25,840 – 26,200 VND/USD (buying – selling), also unchanged from the previous session’s close on June 11th.
Currently, the lowest buying rate is 25,810 VND/USD, and the highest buying rate is 25,849 VND/USD. The lowest selling rate is 26,190 VND/USD, and the highest selling rate is 26,230 VND/USD.
In the free market, the USD/VND exchange rate this morning was listed at 26,280 – 26,380 VND/USD (buying – selling), an increase of 55 dong in both buying and selling rates compared to the previous session.
At the same time, in the global market, the US Dollar Index (DXY) – a measure of the strength of the US dollar, stood at 98.37 points, up 0.27% from the previous session.
The US dollar weakened in the previous session, with the DXY approaching its lowest level since the beginning of 2022, following new statements related to tariffs from President Donald Trump.
Trump announced plans to send official letters to important trading partners within the next one to two weeks, outlining unilateral tariffs aimed at pressuring countries to sign trade agreements. Despite the tough talk, US Treasury Secretary Scott Bessent has signaled a possible extension of the 90-day tariff truce for countries showing “goodwill” in ongoing trade negotiations.
“Trade War Truce: Markets Await Outcome of Crucial Tariff Talks”
The Vietnamese Dong has demonstrated a remarkable resilience over the past month, bucking the trend of depreciation seen among many Asian currencies. Contrary to the performance of its regional peers, the Vietnamese currency maintained its stability. Should the ongoing trade, geopolitical, and monetary negotiations yield positive results, the pressure on exchange rates will ease, providing the State Bank of Vietnam with the necessary flexibility to sustain this stability in the long term.
Gold Surges as US CPI Falls Short of Expectations
The demand for gold as a safe-haven asset remains strong, according to analysts. This is due to the unpredictable nature of US trade policies and the escalating geopolitical tensions in the Middle East. Gold has traditionally been seen as a hedge against economic and political uncertainty, and it appears that investors are still seeking this precious metal as a means of protecting their wealth. With the potential for further volatility in the global markets, it seems that gold’s allure as a safe investment is here to stay.
The Ultimate Guide to Mastering the Art of Currency Trading: Fiin Ratings’ Fresh Forecast on USD/VND Exchange Rates Unveiled
According to Fiin Ratings, the weakening of the US dollar is predicted to ease exchange rate pressure in the coming months.
Why the Russian Ruble is the World’s Strongest Currency in 2023
As the Russia-Ukraine conflict rages on, oil prices slump, and stringent Western sanctions continue to batter Russia’s economy, the Russian ruble has defied expectations and strengthened. This unexpected resilience of the ruble amidst economic turmoil demands further examination.
The Art of the Deal: How US-Japan Trade Talks Could Spur a Yen Rally
“Japan’s leading investment bank is now recommending a short position on the US dollar, encouraging investors to buy the yen instead. This strategic move is based on a careful analysis of the current market trends and the potential for a shift in global currency dynamics.”
This revised version maintains the core message while adding a touch of sophistication and a subtle emphasis on the bank’s strategic insight.
