By the close of the session on October 17, the USD Index (DXY), which gauges the greenback’s strength against a basket of six major currencies, settled at 98.19 points, marking a 0.66-point decline compared to the previous week’s end.
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DXY’s trajectory from the beginning of 2025 to October 17
Source: VietstockFinance
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U.S. Treasury Secretary Scott Bessent announced he would meet with his Chinese counterpart on the evening of October 17. President Donald Trump also stated that a meeting with Chinese President Xi Jinping remains a possibility later this month. These statements alleviated concerns about the U.S. potentially imposing an additional 100% tariff on Chinese goods starting November 1, thereby easing trade tensions and reassuring market sentiment.
As trade risks subsided, investor confidence improved, prompting capital to flow back into riskier assets. This reduced the demand for the USD as a safe-haven currency, diminishing its appeal.
Source: SBV
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In Vietnam, the State Bank set the central exchange rate for October 17 at 25,101 VND/USD, a 27-dong decrease from the previous week, marking the third consecutive week of decline. With a ±5% band, commercial banks’ exchange rates are permitted to fluctuate between 23,846 and 26,356 VND/USD.
At the Foreign Exchange Reserve Management Department, the reference exchange rate was listed at 23,896 – 26,306 VND/USD (buying – selling), down by 26 and 28 dong respectively from the previous week.
Source: VCB
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Within the banking system, Vietcombank concluded the week with a USD/VND exchange rate of 26,116 – 26,356 VND/USD, a slight 2-dong increase on the buying side but a 28-dong decrease on the selling side compared to the previous week.
Source: VietstockFinance
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Notably, in the free market, the USD/VND exchange rate continued its sharp rise, reaching 27,235 – 27,385 VND/USD (buying – selling), up by 405 and 455 dong respectively from the previous week, marking the second consecutive week of significant gains.
– 18:35 19/10/2025
Gold Prices Plummet: Global Rates Drop by $160/Ounce on October 17th Evening
Gold prices, which hit a new high earlier today, took a dramatic turn in the evening of October 17th, plunging with a rare single-session decline.
Fuel Prices Surge: Gasoline Rises, Oil Falls
As of 3 PM today (October 16th), gasoline prices have seen a slight increase of 88-174 VND per liter, pushing RON 95 fuel to nearly 20,000 VND per liter. Meanwhile, oil prices have experienced a decrease.
Central Bank Maintains Net Withdrawal in Open Market Operations
During the week of October 6–13, the banking system’s liquidity remained stable, leading to subdued activity in the open market. The State Bank of Vietnam (SBV) continued its net withdrawal for the second consecutive week, totaling VND 19.4 trillion.
Domestic Silver Prices Hit New Record High
Silver prices surged today, both domestically and globally, marking a significant upward trend in the market.
Gold Price Today 12/10: Gold Trades Sideways After Reclaiming $4,000/oz Threshold
On the morning of October 12th, the global gold price listed on Kitco remained steady at $4,016 per ounce, unchanged from the previous morning’s opening rate.
