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USD price maintains upward momentum

 Last week (November 15-19, 2021), the USD price in the international market continued to go up as the encouraging weekly jobless claims data in the US raised expectations of an early interest rate hike. than the US Federal Reserve (Fed) forecast after recent hot inflation data.

Session 19/11 (16h10), USD-Index reached 95.83 points, up 0.7% compared to the peak reached last week.

The USD price in the international market maintained its upward momentum as the encouraging weekly jobless claims data in the US raised expectations of an earlier rate hike than forecast by the US Federal Reserve (US Federal Reserve). Fed) following recent hot US inflation data.




Specifically, on Thursday (November 18, 2021), data showed that the number of Americans who filed for unemployment benefits for the first time last week fell to near pre-pandemic levels. This also reinforces investor expectations for an early rate hike by the Fed.

Source: SBV
Contrary to the rise of the world dollar price, domestically, the central exchange rate of the Vietnamese dong to the dollar decreased slightly by 3 dong compared to the session on November 12, to 23,112 dong on November 19, 2021.



The SBV has started listing the spot purchase price unchanged at 22,650 VND/USD since November 5, 2021. Meanwhile, the selling rate was adjusted down by 3 dong compared to the 11/12 session, down to 23,755 dong/USD.

With a margin of +/-3%, the ceiling price was 23,805 VND/USD and the floor price was 22,419 VND/USD.


Source: Vietcombank (HM:VCB)
Meanwhile, the bank's USD/VND exchange rate increased by 10 dong in both directions compared to 11/12, down to 22,525 dong/USD (buying in) and 22,755 dong/USD (selling out).



At the same time, the USD/VND exchange rate on the free market increased by 80 dong in two directions compared to the 11/12 session, to 23,400 dong/USD (buying in) and 23,440 dong/USD (selling out).

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