Maintain good momentum

This is the second consecutive rally of the USD.

On the international market, at 6:28 am on March 22, Vietnam time, the USD index reached 98,495, up 0.268 points, equivalent to an increase of 0.27%.

The dollar regained strength as Mr. Powell called for the central bank to “urgently” control inflation and will use stronger interest rate hikes if necessary.

The Fed raised its benchmark interest rate by 25 points last week, the first time since 2018.

Atlanta Federal Reserve President Raphael Bostic predicts six rate hikes this year and two in 2023.

Meanwhile, European Central Bank (ECB) President Christine Lagarde said the agency and the Fed will work out of sync, as the war in Ukraine has very different impacts on the EU’s economy. two areas.

USD maintains upward momentum

On March 21, the State Bank of Vietnam (SBV) announced the central exchange rate at 23,146 VND/USD, an increase of 4 VND compared to the list listed at the end of last week.

The reference selling rate at the SBV’s Exchange is at 22,550 – 23,050 VND/USD.

The buying price for USD at banks is currently in the range of 22,690 – 22,760 VND/USD, while the selling price is at 22,960 – 23,119 VND/USD.

On the “black market”, the USD is traded at 23,430 – 23,480 VND/USD.