DXY : USD is forecast to weaken at the end of the year
For USD, the weekend before May 10, the SBV announced the central exchange rate of 24,271 VND, an increase of 6 VND compared to the previously listed rate, the reference exchange rate at the SBV Exchange was at 23,400 - 25,450 VND. . Buying prices at commercial banks currently fluctuate between 25,120 - 25,225 VND while selling prices reach 25,484 VND. On the black market, the buying and selling price of USD is at 25,670 - 25,750 VND.
Despite trading in a week lacking directional data, the DXY index remained quite volatile and overall had a bullish week of trading. The index is currently still trading above the key support level of 105.00 at the time of writing. This week, the market will be quite busy when the US economic calendar thickens with PPI, CPI and Retail Sales,... announced. Most important will be the CPI, which has a significant influence on market expectations of the Fed cutting interest rates.
Despite trading in a week lacking directional data, the DXY index remained quite volatile and overall had a bullish week of trading. The index is currently still trading above the key support level of 105.00 at the time of writing. This week, the market will be quite busy when the US economic calendar thickens with PPI, CPI and Retail Sales,... announced. Most important will be the CPI, which has a significant influence on market expectations of the Fed cutting interest rates.
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