The exchange rate of USD on January 3 surged before Chinese instability
After many gloomy sessions, on January 3 today, the USD exchange rate has shown signs of increasing rapidly. This is a result of the recent economic downturn of the Chinese economy.
The index measures volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) standing at 96.70 points. Investors are paying attention to the uncertainties stemming from the Chinese economy, making the USD exchange chart get a chance to "turn over" after many sessions of sharp decline.
Accordingly, after China announced some disappointing economic data, a clear sign of deceleration has made investors find the dollar as a safe haven in the time when the world economy has many fluctuations like today. Especially when the stock market in the world still does not have any positive signs for investors to put their trust in it.
Another reason for the rapid increase in the USD exchange rate this morning is because investors believe that China's economy is shrinking due to the impact of the US-China trade war and in this war America is still more appreciated for its advantages.
Along with that, the political issue in China relates to Taiwan when US President Donald Trump officially signed the ratification of the Asian Re-Initiative Act. This is a law to re-establish America's position in the Indian Ocean-Pacific region. At the same time, with the introduction of this law will support Taiwan's defense against China. With this political change is one of the factors that need to be paid much attention to make investors more cautious and choose the dollar to ensure more safety. read more giá vàng
It is the changes in the world market that affect the exchange rate in the country more or less. This morning, the exchange rate of Eximbank listed at the buying price was 23,150 dong and sold 23,250 dong. Besides, Vietcombank has a cash buying session of 23,160 dong and sold out at 23,250 dong. Foreign exchange rate BIDV is currently listed at VND 23,165 when buying and VND 23,255 when sold.
In response to changes in the economic and political situation in the world, investors are still waiting for the decision of the Federal Reserve (Fed) to decide to raise interest rates in 2019. read more https://tygia.vn/
