The foreign exchange rate on October 15 evolved in the direction of the dollar on the national market to weaken and return to the usual downward trend in a long time. The greenback is forecast to decline further.

Foreign exchange rate on October 14: Lack of confidence, USD increased sharply
Foreign exchange rate on October 13: China reversed, USD sank deeply

Early in the morning October 15 (Vietnam time), the State Bank announced the central exchange rate of VND to USD at: 23,192 VND (down 5 VND). The reference rate at the State Bank's Exchange currently bought at 23,175 dong (unchanged) and sold out at 23,838 dong (down 5 dong).

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Commercial banks keep the common foreign currency exchange rate USD at 23,090 dong (buy) and 23,270 dong (sell).

BIDV listed the exchange rate at: 23,090 VND / USD and 23,270 VND / USD. Vietcombank: 23,060 VND / USD and 23,270 VND / USD. Vietinbank: 23,092 VND / USD and 23,272 VND / USD. ACB: 23,110 dong / USD and 23,260 dong / USD.

At the beginning of the session on October 15 (Vietnam time), the US Dollar Index (DXY), measuring the fluctuation of the greenback with 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) stood at level of 93.43 points.

At the beginning of October 14 session on the US market (on the night of October 13, Vietnam), the US Dollar Index (DXY), which measured the fluctuations of the greenback with a basket of 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) stood at 93.3 points.

The USD on world markets weakened and returned to the downward trend normally seen in a long time. The greenback is expected to decline further.

The greenback is falling in the context of a rebound in US inflation and the US administration under the leadership of anyone, Donald Trump or Joe Biden, will launch more stimulus money in the near future.

The US Department of Labor has just announced the producer price index (PPI) rose 0.4% in September, exceeding the forecast and higher than the 0.3% increase in August. If excluding the price factor and food, PPI in September still increased by 0.4%.

Economists are closely interested in the producer price index because it is an indicator of consumer prices. Often businesses will pass on the higher costs to consumers.

Exchange rate on October 15: Common situation, USD weakened

Foreign exchange rate today: USD decreased.

And more often than not, the dollar will fall amid rising inflation and low interest rates.

The USD is forecasted to decline. According to a recent report, Goldman Sachs recommends that investors should consider selling USD. The dollar is expected to drop to a 2018 low as Democratic candidate Joe Biden continues to maintain its lead in pre-election polls on Nov. 3.

On the domestic market, at the end of October 14 trading session, the USD / VND exchange rate in some banks was popular around: 23,090 VND / USD and 23,270 VND / USD.

By the end of October 14 session, BIDV listed the exchange rate at: 23,090 dong / USD and 23,270 dong / USD. Vietinbank: 23,089 VND / USD and 23,269 VND / USD. Vietcombank: 23,060 VND / USD and 23,270 VND / USD. ACB: 23,110 dong / USD and 23,280 dong / USD.

Closing the session on October 14, the Euro rate stood at: 26,814 dong (buy) and 28,000 dong (sell). Pound rate: VND 29,537 (buy) and VND 30,463 (sell). The Japanese Yen exchange rate was VND 214.6 (buy in) and VND 223.5 (sell). Yuan was bought at: 3,401 VND and sold at 3,508 VND.