Foreign exchange rate on February 25
The US dollar index, which measures the strength of the greenback against a commercial weighted basket of six currencies, fell 0.14% to 96.33.
Members of the Federal Reserve continue to propose a balance sheet as a tool to combat developments in the labor market or inflation rate. In the past week, the dollar left the two-month peak reached last week due to investors' optimism about a trade deal between the US and China. read more:
The Fed had strategic changes in January, signaling a halt to raising interest rates, ready to reconsider asset ownership plans to stabilize growth, without going through reinvestment policies. on these properties.
This is also the Fed's response to the signs of global economic slowdown. This step is completely different from the long-term suspension policies when the economy began to have instability of Fed under the control of Ms. Yellen. N
In the past year, the Fed has increased interest rates 4 times but the economy still has not felt its full impact.
On the positive side, through interest rate increases, the Fed still controlled the economy, such as fiscal stimulus immediately after President Trump's tax cuts reduced efficiency.
Besides, with the slow progress of the Chinese and European economies, as well as escalating tensions in the trade war will make more difficulties piling up.
The USD / GBP exchange rate increased by 0.16% to 1.3070 dollars from the low of 1.2969 dollars in the hope that the deadline to leave the European Union on March 29 will be pushed back. read more:
European Union negotiator Michel Breier said it was not ruled out that the EU withdrawal would be delayed. The UK is seeking changes to Irish support.
EUR / USD exchange rate increased 0.11% to 1,1347 USD due to core consumer inflation in the EU in line with economists' forecasts.
USD / JPY rate dropped 0.05% to 110.64, while USD / CAD fell 0.64% to $ 1.3145.
The exchange rate at the State Bank of Vietnam has been bought at VND 23,200 (unchanged) and sold at VND 23,540 (unchanged).
Billion Vietcombank listed at VND 23,160 (buy) and VND 23,260 (sold). Vietinbank: VND 23,162 (buy) and VND 23,262 (sold). BIDV: VND 23,155 (buy ) and VND 23.255 (sold). ACB: VND 23,160 (buy) and VND 23,240 (sold).read more:
