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Foreign exchange rate on November 26: US election comes to an end, USD falls

  • Thursday, 09:20 Date 26/11/2020
  • The foreign exchange rate on November 26, moving in the direction of the dollar on international markets, returned to the familiar decline when the results of the US election became clearer.

    At the beginning of the session on November 26 (Vietnam time), the US Dollar Index (DXY), which measures the fluctuation of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) stood at level 91.98 points.

    At the beginning of the session on November 25 in the US market (November 25 at Vietnam time), 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 92.12 points.

    The dollar on world markets returned with a familiar decline when the results of the US election became clearer.

    The temporary cooling of US political turmoil coupled with the good news about the Covid-19 vaccine has prompted investors to withdraw quickly from safe assets, including the dollar and gold.

    The US economy is likely to quickly regain its long-term growth potential as Democrats may find it hard to change Donald Trump's low-tax policy, while the Joe Biden administration may step up. pump money into the markets.

    Stock markets are likely to continue to make new highs, while gold and USD are under pressure to decline.

    On the domestic market, at the end of the session on November 25, the exchange rate of USD / VND in some banks was popular around 23,070 VND / USD and 23,250 VND / USD.

    By the end of November 25, Vietcombank and BIDV listed the exchange rates at: 23,070 dong / USD and 23,250 dong / USD. Vietinbank: 23,075 VND / USD and 23,255 VND / USD. ACB: 23,080 dong / USD and 23,240 dong / USD.

    Closing the session on November 25, the Euro rate stood at: 27,124 dong (buy) and 28,222 (sell). Pound rate: 30,467 VND (buy) and 31,422 VND (sell). The Japanese Yen exchange rate was at 216.4 dong (bought in) and 225.4 dong (sold out). Yuan was bought at: 3,478 dong and sold out at 3,588 dong.

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