Japanese Yen Continues to Slip; Coffee Prices Hold High
(Baonghean.vn) - Japanese Yen continues to slide; world crude oil prices increase at the end of the week, reaching a 10-month high; Domestic coffee prices are anchored at high levels, these are market news on September 17.
Japanese Yen Continues to Slip
According to a survey by the Industry and Trade Newspaper, the exchange rateJapanese YenToday (September 17) at Agribank - the bank with the highest buying rate of Japanese Yen is 162.09 VND/JPY and the bank with the lowest selling rate is 165.12 VND/JPY. This exchange rate of Japanese Yen is lower than yesterday.
Today, in the black market, the Japanese Yen/VND exchange rate for buying and selling is traded at 164.22 VND/JPY and 165.22 VND/JPY, respectively.
Forecasting the Yen exchange rate trend, currently, there is no major reason for the Japanese Yen to increase in value again. The reason is that Japan's economic situation is weakening, and the Bank of Japan is likely to continue to maintain a dovish monetary policy.
Recently, the number of machinery orders in Japan has fallen to a three-year low, making the economic situation continue to be unstable.
Furthermore, the Bank of Japan has said that if wages and inflation do not match their forecasts, they will not consider raising interest rates, which could further hurt the yen.
World oil prices increased at the end of the week
Gasoline pricesGlobal oil prices continued to rise on Friday, hitting a 10-month high and recording a third consecutive weekly gain due to tight supplies from Saudi Arabia's production cuts and optimism surrounding China's crude demand. Brent crude ended the week at $93.93 a barrel, while WTI was at $90.77 a barrel.
In the domestic market, the selling prices of gasoline and oil today are applied according to the prices at the management session on the afternoon of September 11 of the Ministry of Finance - Ministry of Industry and Trade. Accordingly, gasoline prices remain unchanged, oil prices increase slightly.
Specifically, the price of E5 gasoline is 23,470 VND per liter. The price of RON 95 gasoline is 24,870 VND per liter. The price of diesel oil increased to 23,055 VND per liter, the price of kerosene increased to 23,188 VND per liter, and fuel oil is 17,704 VND per kilogram.
Domestic coffee prices remain high
PricecoffeeDomestic coffee prices were updated at 4:20 a.m. on September 17, 2023, continuing to improve and remain high. The average coffee price in the Central Highlands provinces is 67,500 VND/kg, of which the highest purchase price in Dak Nong province is 67,900 VND/kg. All provinces have increased prices by 1,000 VND/kg.
Specifically, the purchase price of coffee in Gia Lai and Kon Tum provinces on September 17, 2023 was VND 67,400/kg. In Dak Nong province, coffee was purchased at the highest price of VND 67,900/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, coffee is purchased at 66,900 VND/kg.
Today's coffee price in Dak Lak province today in Cu M'gar district, coffee price is currently at 67,500 VND/kg. Meanwhile in Ea H'leo district, Buon Ho town, it is purchased at the same price of 67,600 VND/kg.
