USD plummets after FED meeting; Gold suddenly turns around and increases dramatically
(Baonghean.vn) - Today's market information: USD plummets after the FED meeting; Gold suddenly turns around and increases dramatically; World oil prices go up, domestic prices are expected to decrease sharply; Domestic coffee prices increase by nearly 2,000 VND/kg...
USD plummets after FED meeting
USD exchange rate today December 14, 2023, USD VCB reversed and decreased slightly by 10 VND in both buying and selling directions. World USD plummeted after the FED meeting.
The central VND/USD exchange rate announced by the State Bank today is adjusted to 23,954 VND/USD, up 13 VND compared to the closing price of the trading session on December 13.
Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,101 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,101 VND/USD.
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 24,050 and a selling price of 24,420, down 10 VND compared to the trading session on December 13. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.
The US Dollar has suffered a significant fall following the Federal Reserve (FED) meeting. As expected, the central bank decided to keep interest rates unchanged.
The 10-year bond yield fell more than 4%, hitting its lowest level since August. Meanwhile, the US Dollar Index (DXY) fell 0.84% to 103.00, marking a two-week low. The US Dollar is under pressure and continues its downward trend after two weeks of correction.
Gold suddenly turned up
At the time of survey at 5:00 a.m. on December 14, 2023, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold at 72.80 million VND/tael for buying and 73.80 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 72.90 - 73.60 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 72.93 - 73.80 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 72.80 - 74.00 million VND/tael (buy - sell).
World oil prices go up, domestic prices forecast to drop sharply
Today, December 14, the world oil price increased after falling to its lowest level in 6 months. Meanwhile, the domestic oil price in the adjustment period this afternoon is forecast to decrease sharply.
In the domestic market, retail prices of gasoline products this afternoon (December 14) will be applied according to the new price.
Leaders of some petroleum companies said that domestic petroleum prices are likely to decrease in the adjustment period this afternoon. If the regulatory agency does not affect the Petroleum Price Stabilization Fund, domestic gasoline prices may decrease by 720-850 VND/liter, while diesel prices may decrease by 700 VND/liter. In case the Ministry of Industry and Trade and the Ministry of Finance draw from the Stabilization Fund, gasoline prices may decrease less.
In the most recent gasoline price adjustment period (December 7), retail prices of all types of gasoline were adjusted down.
In the world market, gasoline prices today, December 14, increased after falling to their lowest level in 6 months.
Domestic coffee prices increased by nearly 2,000 VND/kg
Domestic coffee prices were updated at 5:00 a.m. on December 14, 2023 as follows: Coffee prices are stable and at a high level. Currently, the average coffee price in the Central Highlands provinces is about 64,000 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 64,200 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on December 14, 2023 was quite high at 64,100 VND/kg; In Dak Lak and Dak Nong provinces, coffee was purchased at the highest price of 64,200 VND/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, is purchased at 63,500 VND/kg.
Today's coffee price in Dak Lak province is the highest; in Cu M'gar district, coffee is purchased at 64,100 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 64,200 VND/kg.
