Currency1997

Currency1997 Updated 

The US dollar (USD) decided to maintain its price level in yesterday's trading as many geopolitical uncertainties continue to rise in the world. Tensions remain high in Israel's war in Gaza. Although the period for a political settlement is over and the US dollar index is not responding, some believe that the escalation of the war is approaching the inevitable...

Currency1997 Updated 

Dating back to the 760s, the pound was first introduced as a silver coin and spread throughout the Anglo-Saxon kingdoms. In 1158 the design was changed and silver was replaced. The new coin was made of 92.5% silver and was known as the British Table. The British pound has been around for hundreds of years, with its origins dating back to his 8th century AD,...

Currency1997 Updated 

Dating back to the 760s, the pound was first introduced as a silver coin and spread throughout the Anglo-Saxon kingdoms. In 1158 the design changed and instead of pure silver he made a new coin made of 92.5% silver and became known as the pound. The British pound has been around for hundreds of years, with its origins dating back to his 8th century AD, when the...

Currency1997 Updated 

Currently, it is estimated that 1 Japanese yen is converted to 163.53 Vietnamese dong, and the exchange rate of Japanese yen in Vietnamese banks is depreciating. Over the past month, the value of Japan's currency has fallen by 1%. The dollar/yen exchange rate as updated at 9:27 a.m. on October 18th (Vietnam time) is 149.70 yen. Today's USD/JPY exchange rate has...

Currency1997 Updated 

The euro continues to fall today. The European Central Bank (ECB) is calling for a complete ban on cashless payments in shops, government offices, hospitals, museums and other institutions across the eurozone. The measure would make it illegal for businesses and public institutions to accept cash payments, reflecting the growing popularity of card-only...

Currency1997 Updated 

Data on U.S. retail sales and industrial production is expected later in the day, but a number of Fed directors are scheduled to speak this week, especially Chairman Jerome Powell on Thursday. The data and addresses could provide further signals for the world's largest economy, after an unexpected rise in U.S. inflation over the past three months has raised...

Currency1997 Updated 

A break above the summer uptrend line could bring the USD back to normalcy in recent months. Meanwhile, the US Dollar Index (DXY) this Monday is below last Friday's closing price, which could cause some selling and cause DXY to fall and seek support. There could still be a rally above the daily trend line from July 18th. The 107.19 level is a very important...

Currency1997 Updated 

Especially for cash purchases, UOB Bank will buy euros at the lowest price of 25,036 VND/EUR. Sacombank buys Euro cash at a maximum price of 25,571 VND/EUR. For remittances, PVcomBank will buy euros at the lowest price of 25,175 VND/EUR. OCB Bank buys Euro transfers at a maximum price of 25,629 VND/EUR. For cash sales, PGBank will sell euros at the lowest price...

Currency1997

Bank of America analysts Athanasios Vanvakidis and Michalis Rosakis last week expressed skepticism about the dollar's rise in recent weeks. “Markets will be looking at whether the economy is likely to accelerate again early next year and whether that will lead to inflationary pressures.” Markets are increasingly confident the Fed is done raising rates. However,...

Currency1997 Updated 

For Techcombank, the buy rate increased by 97 VND and the sell rate by 95 VND, reaching 25,215 VND/EUR and 26,547 VND/EUR, respectively. The buying and selling exchange rate for this foreign currency at Eximbank is 25,455 VND/EUR and 26,183 VND/EUR (equivalent to an increase of 138 VND and 131 VND). Sacombank recorded an increase of 92 VND in buy and sell...

Currency1997

The recovery from the low of 105.54 is positive for the DXY index. This reduces the likelihood of a correction to the 105-104 level mentioned last week. Support for the DXY index this week is 106. If the index breaks through the 106 level, it could move higher into the 107-107.50 range this week. This also maintains our medium-term bullish view targeting the 108...

Currency1997

The DXY index had a volatile trading week. The DXY index and US Treasury yields fell in the first half of the week, but recovered in the second half following the release of inflation data. The index rebounded from a low of 105.54 to close the week above the 106 level. As a result, the Consumer Price Index (CPI), an indicator of inflation in the United States,...

Currency1997

Given the threat of a weaker Japanese yen and higher inflation, the Japanese government appears willing to intervene in the foreign exchange market if the USD/JPY exchange rate becomes too volatile. Japanese Finance Minister Shunichi Suzuki said in a meeting with G20 leaders that Japan may need to take "appropriate measures" in the foreign exchange market. He...

Currency1997

In addition to the financial report, September U.S. retail sales figures released Tuesday will help investors better understand the power of consumer spending, which drives about two-thirds of the economy. Economists had expected retail sales to rise 0.2% last month. The better-than-expected data could raise concerns about a rebound in inflation and strengthen...

Currency1997

Dollar demand soared on Monday following a deadly attack by bank gunmen. At Agribank, the Japanese yen exchange rate on the buyer and seller sides was 161.67 VND/JPY and 165.72 VND/JPY, respectively, an increase of 0.03 VND on the buyer and seller sides. At the Export-Import Bank, the buying and selling rates decreased by 0.37 VND on the buy side and 0.38 VND...

Currency1997

Dollar demand soared on Monday after militants from the Palestinian organization Hamas carried out deadly attacks in several Israeli cities over the weekend. In response, Israeli airstrikes hit multiple targets in the Gaza Strip, marking the country's deadliest day of violence in 50 years. The dollar/yen pair also received support, falling 0.1% to 149.16, but...

Currency1997

EUR/USD rose 0.2% to 1.0634, extending the euro's uptrend after hitting its highest in more than two weeks on Wednesday. "The upward revision in EUR/USD has widened to 1.0700, but we think this could be the peak unless there is a surprise in the US CPI," ING said.

Currency1997

The minutes also highlighted the uncertainty surrounding the economy and the need to be cautious in assessing the impact to take appropriate action. U.S. Treasury yields soared in the weeks following the September meeting, which some Fed officials see as a factor that could end the rate-hike cycle that hurt the U.S. dollar. Analysts at ING said expectations...