The USD exchange rate rebounded after the US 50-year record

After many sessions of price reduction, today morning, January 25, the USD exchange rate has strongly increased when the US achieved a 50-year economic record. The attractiveness of this green and silver coin is attracting the attention of very large investors in the market. see how much gold prices today

This morning, the domestic exchange rate recorded no change compared to the previous trading session on January 24. Commercial banks all listed at a popular price when they bought 23,155 dong and sold 23,245 dong. The exchange rate of Acb banks listed in the afternoon of buying and selling is VND 23,155 and VND 23,235. Along with the listed price of buying with ACB is the exchange rate of BIDV. This bank is only slightly over 10 dong for selling compared to ACB when selling out is 23,245 dong. The exchange rate of MB was also not assessed as having the highest buying direction with VND 23,160 but the lowest selling rate in the market with VND 23,230.

Meanwhile, the situation in the world market has noticeable fluctuations. The US Dollar Index (DXY), which measures the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) stands at 96.26 points. Accordingly, the USD exchange rate has increased sharply after the United States achieved a 50-year economic record. Specifically, US unemployment data fell to the lowest level in 50 years. This shows that the US labor market continues to generate positive signals. This is also a signal that the US economy is recovering after a long time of decline.

Besides, the strong rise in the exchange rate chart is also due to the instability of Europe. The area is still subject to policies against an inconspicuous outlook. So the Euro and the British pound also lost their attractiveness in the eyes of investors, enabling the dollar to appreciate.

Although the US greenback is generating positive signs of resilience, according to experts, this situation will not last long. Maybe in the long term, the dollar will still fall when the Federal Reserve (Fed) can stop the rate hike in 2019. This is what can make investors turn away from this greenback.

Moreover, the US dollar exchange rate currently has no necessary stability when trade conflicts between the United States and China continue to attract the attention of the world. It makes investors dare not to put all their trust but instead choose safer assets. read more https://tygia.vn/