Global markets have offered a mixed backdrop for currencies after the Federal Reserve decided to hold rates in its latest meeting. The US Dollar Index sits around 101.15, reflecting a cautious stance as investors weigh the implications for policy normalization and risk appetite. Headlines in the past 24 hours show divergent interpretations of the Fed outcome, with some reports noting USD weakness while others point to resilience. At the same time, equities have extended gains in several regions, while spot gold prices gave back some earlier strength, underscoring a nuanced risk environment for FX traders.
In the domestic FX market, the US dollar is quoted at 26,140 VND to buy and 26,520 VND to sell per USD. The previous day price remains 26,520, with the 7 day reading also at 26,520 and the 30 day reference around 26,466. The broader currency basket shows wide dispersion for other majors, with quotes as follows: Australian dollar 18,143.34 / 18,724.35; Canadian dollar 18,376 / 18,964.46; Swiss franc 31,899.07 / 32,920.59; Chinese yuan 3,831.32 / 3,954.01; Danish krone 3,942.52 / 4,093.27; euro 29,548.68 / 30,795.38; UK pound sterling 34,674.74 / 35,785.14; Hong Kong dollar 3,296.15 / 3,422.18; Indian rupee 272.05 / 283.75; Japanese yen 157.34 / 166.51; Korean won 17.09 / 18.55; Kuwaiti dinar 85,107.62 / 89,232.50; Malaysian ringgit 6,370.63 / 6,509.21; Norwegian krone 2,678.77 / 2,792.34; Russian ruble 320.03 / 354.26; Saudi riyal 6,974.03 / 7,274.15; Swedish krona 2,658.04 / 2,770.73; Singapore dollar 20,050.85 / 20,734.38; Thai baht 764.95 / 797.38; and US dollar 26,140 / 26,520.
Across the major currencies, the euro trades at 29,548.68 to buy and 30,795.38 to sell, while the British pound stands at 34,674.74 to buy and 35,785.14 to sell. The Swiss franc and Singapore dollar show broad ranges at 31,899.07 / 32,920.59 and 20,050.85 / 20,734.38 respectively, indicating a wide band in global risk sentiment. The Japanese yen remains deeply valued on the dollar side at 157.34 to buy and 166.51 to sell, with a 30 day reference around 166.53. Among Asian currencies, the Chinese yuan is 3,831.32 / 3,954.01 and the Korean won is 17.09 / 18.55. Several commodity and oil-linked currencies such as the Kuwaiti dinar and Saudi riyal show the larger nominal quotes at 85,107.62 / 89,232.50 and 6,974.03 / 7,274.15 respectively, underscoring ongoing liquidity dynamics in the region.
Looking at the broader trend, the US Dollar Index remains a focal point as markets digest the Fed decision and the path toward policy normalization. In the latest 24 hours, market headlines point to USD fluctuations amid a backdrop of rising equities and softening global gold prices, suggesting a cautious but constructive risk environment for some FX players. The domestic data reinforce a wide USD trading range across a basket of currencies, highlighting the ongoing sensitivity of VN dong pairs to shifts in global rates and risk appetite as investors calibrate expectations for the months ahead.
