The exchange rate of USD on January 24 plummeted, the British pound increased
When investors choose to bet on the key currencies which have dropped in recent years, the pound has increased sharply, the USD exchange rate has plummeted again. This fact stems from worries about the US economic situation in recent years
Standing at 96.21 points in the trading session today showed US Dollar Index (DXY), which measured the greenback movement with 6 major currencies including: EUR, JPY, GBP, CAD, SEK, CHF has a sharp decline. The USD exchange rate is also not out of this fate.
Currently, due to the economic and political instability of the US, investors have chosen to bet on the British pound and Euro. They hope in a new plan to withdraw from Brexit Europe by British Prime Minister Theresa May will be better. Meanwhile, the US economy in recent years has shown signs of clear decline. In particular, the US government's partial closure to the Mexican border issue put further pressure on the country's greenback.
Besides, the USD exchange rate chart will also tend to fall more strongly when there is news that the US Federal Reserve will likely stop raising interest rates in this 2019. It will make the dollar lose its attractiveness compared to other assets, typically gold.
While investors are expecting positive changes in US-China relations, the Financial Times reported that the US has canceled its planned trade negotiations for high-level talks between the US and China. at the end of this month. This shows that "cooling" in tensions between the two countries will still be a problem and not easy to achieve the desired goal.
At the beginning of the morning session, the domestic exchange rate also tended to decrease slightly. Typically, the USD exchange rate of Sacombank stood at 23,120 dong for buying and selling direction, 23,257 dong. Foreign exchange rate Vietcombank is not optimistic when buying cash is 23,155 dong and selling is 23,245 dong. The exchange rate of Tpbank also dropped to 23,145 dong for buying and 23,245 dong for selling.
It is expected that in the next trading sessions, the USD exchange rate will have many uncertainties that make investors have to consider carefully to get the most accurate decision for themselves. read more
