USD reverses to 105; Oil prices fall as Middle East tensions ease

USD reversed to 105 mark

USD exchange rate today April 30, 2024, VCB USD did not fluctuate during the holiday, meanwhile, the world USD reversed and plummeted to 105 points.

The central VND/USD exchange rate announced by the State Bank is adjusted to 24,246 VND/USD, down 18 VND compared to the trading session on April 26.

Currently, the exchange rate allowed for trading by commercial banks fluctuates from 23,400 - 25,450 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range of 23,400 to 25,450 VND/USD by the State Bank Exchange.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of downward adjustments at banks. Specifically, Vietcombank has a buying price of 25,088 and a selling price of 25,458, down 49 VND compared to the trading session on April 26. The current USD buying and selling prices are in the range of 24,000 - 25,500 VND/USD.

In the world market, the Dollar Index (DXY), which measures the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 105.65 points - down 0.29% compared to trading on April 26.

Domestic gold "froze", world gold slid

Today, domestic gold price is stable due to the April 30 - May 1 holiday, world gold price slightly decreased.

At the time of survey at 5:00 a.m. on April 30, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 82.60 million VND/tael for buying and 84.80 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 83.25 - 85.10 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 83.25 - 85.35 million VND/tael (buy - sell).

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,334.30 USD/ounce, down 3.61 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 70.359 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 12.641 million VND/tael higher than the international gold price.

Oil prices fall as Middle East tensions ease

Today's gasoline and oil prices on the international market, April 30, 2024, continued to decline from the beginning of the week. Oil prices fell due to the cooling of tensions in the Middle East.

According to data from Oilprice, at 9:17 p.m. on April 29 (Vietnam time), Brent oil price was listed at 88.79 USD/barrel, down 0.71 USD, equivalent to 0.79% compared to the previous session. Meanwhile, WTI oil price was at 83.26 USD/barrel, down 0.59 USD, equivalent to 0.7% compared to the previous session.

Oil prices fell as peace talks between Israel and Hamas in Cairo, Egypt eased tensions in the Middle East, analysts said.

A Hamas delegation plans to visit Cairo on April 29 for peace talks, a Hamas official said.

Increased efforts to mediate a ceasefire between Israel and Hamas have eased geopolitical tensions and cooled oil prices, said market analyst Tony Sycamore of IG Bank in Singapore.

Meanwhile, investors are watching the US Federal Reserve's (Fed) policy review at its two-day meeting ending on May 1.

In the domestic market, the selling price of gasoline and oil today, April 30, is applied according to the price of the operating session on the afternoon of April 25.

Accordingly, the retail prices of petroleum products (except fuel oil) were adjusted downward by the Ministry of Finance - Ministry of Industry and Trade. In particular, the price of RON 95 gasoline decreased to below 25,000 VND/liter. Specifically, the price of E5 gasoline decreased to 23,910 VND/liter. The price of RON 95 gasoline decreased to 24,910 VND/liter. Meanwhile, the price of diesel oil decreased to 20,710 VND/liter. The price of kerosene decreased to 20,710 VND/liter.