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Foreign exchange rate on February 28: USD continued to decline

The exchange rate of USD continues to decline sharply due to changes in the economic and political situation in the world. Especially the change in US-China relations over the past time. This has put a lot of pressure on America's greenback.

In the morning session, the USD exchange rate is lower than other major currencies in the market. The attractiveness of this currency is greatly influenced by many reasons. read more https://tygia.vn/

Before that, on the afternoon of February 27, the domestic foreign exchange rate recorded that all banks had a slight decrease in listing. The popular listing rate offered in the domestic market is VND 23,150 / USD and VND 23,250 / USD. Accordingly, the exchange rate of SCB listed the lowest buying price in the market when standing at VND 23,065 but sold in the highest listed banks at VND 23,260. This is also the selling price of USD exchange rate MBBank. The bank has a buying direction of VND 23,135 and sold VND 23,260. Meanwhile, the exchange rate of HSBC currently listed in the buying and selling way is VND 23,150 and VND 23,250 respectively. read more https://tygia.vn/gia-vang

The fact that the USD exchange rate chart has shown signs of going down in recent sessions is due to positive signals in the US-China relationship, making the Chinese yuan rise. This has put pressure on the US dollar.

In addition, information Theresa May - British Prime Minister will propose to these countries officially excluded Brexit without agreement at a meeting late yesterday. At the same time will open the opportunity to delay several weeks or months for the Brexit day, March 29 helped the pound to raise prices quickly. The developments related to Brexit will make this currency attract the attention of investors. Since then, the dollar has lost its attraction.

Besides, one reason that the USD exchange rate has a decreasing trend now comes from the gold market. This is still considered by investors as a "safe haven" although it has little profit. According to the general rules of the market so far, gold rising USD will decrease and vice versa. Therefore, in the current period, when gold is being favored, USD will be under a lot of pressure. It may have to wait until the US Federal Reserve (Fed) officially decides to raise interest rates in 2019 to help the USD exchange rate increase again. read more https://tygia.vn/ty-gia/shb