USD exchange rate today 10/6: Continue to increase strongly

Some of the newly released statistical data has begun to show signs that the economy is slowing down.

USD index reached 103,305 increased by 0.74% at 6:53 am on 10/6 Vietnam time.

In recent weeks, investors have been interested in assessing the health of the US economy when the Fed raised interest rates to cool down inflation. The market wants to see if the US central bank’s monetary tightening campaign will push the economy into a recession.

Some of the newly released statistical data has begun to show signs that the economy is slowing down.

Producer price inflation in the US is outpacing consumer price growth. In April, the inflation rate has somewhat calmed down but is still at a 40-year high and is likely to bounce back in May.

Elsewhere, the US Bureau of Labor Statistics said the number of people applying for unemployment benefits last week was 229,000, more negative than the 210,000 expected by economists.

USD continues to gain momentum

On June 9, the State Bank of Vietnam (SBV) announced the central exchange rate at 23,062 VND/USD, an increase of 5 VND compared to the listed level yesterday.

The reference selling rate at the SBV’s Exchange is at 22,550 – 23,250 VND/USD.

The buying price for USD at banks is currently in the range of 23,020 – 23,070 VND/USD, while the selling price is at 23,280 – 23,564 VND/USD.

On the “black market”, the USD is traded at 23,700 – 23,770 VND/USD.