The dollar traded steadily again as information on the US unemployment situation revised expectations for Fed rate cuts. Domestically, some banks this morning lowered their US dollar transaction rate from VND5 to VND20.
The dollar had fallen further after weaker-than-expected consumer price data raised concerns among many that inflation was slowing rapidly toward the Fed's 2% target. But the U.S. dollar rallied as markets grappled with uncertainty over when the Fed would cut the federal funds rate to 5.25% to 5.5% (which remains capped). For economic growth.
The dollar had fallen further after weaker-than-expected consumer price data raised concerns among many that inflation was slowing rapidly toward the Fed's 2% target. But the U.S. dollar rallied as markets grappled with uncertainty over when the Fed would cut the federal funds rate to 5.25% to 5.5% (which remains capped). For economic growth.
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