In the free market, the price of the US dollar increased by 70 dong over the weekend, reaching 25,720 dong for buying and 25,820 dong for selling. In the past week, the price of the free USD fluctuated slightly up and down.
The greenback in the international market recorded a strong increase with the USD-Index reaching 107.49 points at the end of the week, up 0.87 points in the past week. Investors assess that the latest labor market data along with comments from Federal Reserve officials about the interest rate path are the factors leading to the strong increase in the greenback's price. Accordingly, recent comments from Fed officials, including Fed Chairman Jerome Powell, indicate that the US Central Bank may implement a slower interest rate cut path, while concerns that Donald Trump's policies could trigger inflation.
Investors are waiting for Donald Trump to appoint a new Secretary of the Treasury. The Wall Street Journal reported on November 21 that Kevin Warsh, a former member of the Federal Reserve Board of Governors, is likely to take this position and may even become the Chairman of the Fed.