{"id":68350,"date":"2026-04-06T09:02:53","date_gmt":"2026-04-06T02:02:53","guid":{"rendered":"https:\/\/hbbgroup.net\/eur-usd-shows-limited-reaction-to-upbeat-us-jobs-report-amid-thin-holiday-liquidity\/"},"modified":"2026-04-06T11:30:50","modified_gmt":"2026-04-06T04:30:50","slug":"ty-gia-eur-usd-phan-ung-han-che-truoc-bao-cao-viec-lam-tich-cuc-cua-my-trong-boi-canh-thanh-khoan-thap-do-ky-nghi-le","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/ty-gia-eur-usd-phan-ung-han-che-truoc-bao-cao-viec-lam-tich-cuc-cua-my-trong-boi-canh-thanh-khoan-thap-do-ky-nghi-le\/","title":{"rendered":"T\u1ef7 gi\u00e1 EUR\/USD ph\u1ea3n \u1ee9ng h\u1ea1n ch\u1ebf tr\u01b0\u1edbc b\u00e1o c\u00e1o vi\u1ec7c l\u00e0m t\u00edch c\u1ef1c c\u1ee7a M\u1ef9 trong b\u1ed1i c\u1ea3nh thanh kho\u1ea3n th\u1ea5p do k\u1ef3 ngh\u1ec9 l\u1ec5."},"content":{"rendered":"
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T\u1ef7 gi\u00e1 EUR\/USD giao d\u1ecbch trong bi\u00ean \u0111\u1ed9 h\u1eb9p v\u00e0o th\u1ee9 S\u00e1u khi b\u00e1o c\u00e1o vi\u1ec7c l\u00e0m phi n\u00f4ng nghi\u1ec7p (NFP) c\u1ee7a M\u1ef9 m\u1ea1nh h\u01a1n d\u1ef1 ki\u1ebfn \u200b\u200bh\u1ed7 tr\u1ee3 \u0111\u1ed3ng \u0110\u00f4 la M\u1ef9 (USD), trong khi \u0111\u1ed3ng Euro (EUR) t\u01b0\u01a1ng \u0111\u1ed1i \u1ed5n \u0111\u1ecbnh trong b\u1ed1i c\u1ea3nh thanh kho\u1ea3n th\u1ea5p do k\u1ef3 ngh\u1ec9 l\u1ec5 Th\u1ee9 S\u00e1u Tu\u1ea7n Th\u00e1nh. T\u1ea1i th\u1eddi \u0111i\u1ec3m vi\u1ebft b\u00e0i, c\u1eb7p t\u1ef7 gi\u00e1 n\u00e0y giao d\u1ecbch quanh m\u1ee9c 1.1534, ti\u1ebfp t\u1ee5c gi\u1ea3m trong ng\u00e0y th\u1ee9 hai li\u00ean ti\u1ebfp sau khi t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t trong m\u1ed9t tu\u1ea7n l\u00e0 1.1627 v\u00e0o th\u1ee9 T\u01b0. Trong khi \u0111\u00f3, ch\u1ec9 s\u1ed1 \u0110\u00f4 la M\u1ef9 (DXY), theo d\u00f5i gi\u00e1 tr\u1ecb c\u1ee7a \u0111\u1ed3ng \u0110\u00f4 la so v\u1edbi r\u1ed5 s\u00e1u lo\u1ea1i ti\u1ec1n t\u1ec7 ch\u00ednh, \u0111ang dao \u0111\u1ed9ng quanh m\u1ed1c 100. Theo d\u1eef li\u1ec7u do C\u1ee5c Th\u1ed1ng k\u00ea Lao \u0111\u1ed9ng M\u1ef9 c\u00f4ng b\u1ed1, n\u1ec1n kinh t\u1ebf M\u1ef9 \u0111\u00e3 t\u1ea1o th\u00eam 178.000 vi\u1ec7c l\u00e0m trong th\u00e1ng 3, v\u01b0\u1ee3t k\u1ef3 v\u1ecdng 60.000 vi\u1ec7c l\u00e0m. Con s\u1ed1 c\u1ee7a th\u00e1ng 2 c\u0169ng \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m xu\u1ed1ng cho th\u1ea5y m\u1ee9c gi\u1ea3m 133.000 vi\u1ec7c l\u00e0m, s\u00e2u h\u01a1n m\u1ee9c gi\u1ea3m 92.000 vi\u1ec7c l\u00e0m \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o tr\u01b0\u1edbc \u0111\u00f3. \u0110\u1ed3ng th\u1eddi, t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p gi\u1ea3m nh\u1eb9 xu\u1ed1ng 4,3% t\u1eeb 4,4%. Tuy nhi\u00ean, t\u0103ng tr\u01b0\u1edfng ti\u1ec1n l\u01b0\u01a1ng cho th\u1ea5y d\u1ea5u hi\u1ec7u ch\u1eadm l\u1ea1i. Thu nh\u1eadp b\u00ecnh qu\u00e2n theo gi\u1edd t\u0103ng 0,2% so v\u1edbi th\u00e1ng tr\u01b0\u1edbc trong th\u00e1ng 3, th\u1ea5p h\u01a1n m\u1ee9c d\u1ef1 b\u00e1o 0,3% v\u00e0 gi\u1ea3m so v\u1edbi m\u1ee9c 0,4% tr\u01b0\u1edbc \u0111\u00f3. T\u00ednh theo n\u0103m, thu nh\u1eadp t\u0103ng 3,5%, th\u1ea5p h\u01a1n k\u1ef3 v\u1ecdng 3,7% v\u00e0 ch\u1eadm h\u01a1n so v\u1edbi m\u1ee9c 3,8%. D\u1eef li\u1ec7u cho th\u1ea5y \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng nh\u00ecn chung v\u1eabn ki\u00ean c\u01b0\u1eddng, b\u1ea5t ch\u1ea5p xu h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng trong nh\u1eefng th\u00e1ng g\u1ea7n \u0111\u00e2y, v\u00e0 c\u1ee7ng c\u1ed1 k\u1ef3 v\u1ecdng r\u1eb1ng C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) c\u00f3 th\u1ec3 duy tr\u00ec l\u00e3i su\u1ea5t kh\u00f4ng \u0111\u1ed5i l\u00e2u h\u01a1n. Th\u1ecb tr\u01b0\u1eddng ph\u1ea7n l\u1edbn \u0111\u00e3 lo\u1ea1i b\u1ecf c\u00e1c d\u1ef1 \u0111o\u00e1n v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t k\u1ec3 t\u1eeb khi chi\u1ebfn tranh M\u1ef9-Israel v\u1edbi Iran n\u1ed5 ra, khi r\u1ee7i ro l\u1ea1m ph\u00e1t do gi\u00e1 d\u1ea7u gia t\u0103ng, v\u00e0 d\u1eef li\u1ec7u lao \u0111\u1ed9ng m\u1edbi nh\u1ea5t c\u1ee7ng c\u1ed1 quan \u0111i\u1ec3m \u0111\u00f3. C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 Fed<\/span><\/p>\n
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Ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u1edf M\u1ef9 \u0111\u01b0\u1ee3c \u0111\u1ecbnh h\u00ecnh b\u1edfi C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed). Fed c\u00f3 hai nhi\u1ec7m v\u1ee5 ch\u00ednh: \u0111\u1ea1t \u0111\u01b0\u1ee3c s\u1ef1 \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 v\u00e0 th\u00fac \u0111\u1ea9y vi\u1ec7c l\u00e0m \u0111\u1ea7y \u0111\u1ee7. C\u00f4ng c\u1ee5 ch\u00ednh \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c nh\u1eefng m\u1ee5c ti\u00eau n\u00e0y l\u00e0 \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t. Khi gi\u00e1 c\u1ea3 t\u0103ng qu\u00e1 nhanh v\u00e0 l\u1ea1m ph\u00e1t v\u01b0\u1ee3t qu\u00e1 m\u1ee5c ti\u00eau 2% c\u1ee7a Fed, Fed s\u1ebd t\u0103ng l\u00e3i su\u1ea5t, l\u00e0m t\u0103ng chi ph\u00ed vay m\u01b0\u1ee3n tr\u00ean to\u00e0n n\u1ec1n kinh t\u1ebf. \u0110i\u1ec1u n\u00e0y d\u1eabn \u0111\u1ebfn \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 m\u1ea1nh h\u01a1n v\u00ec n\u00f3 l\u00e0m cho M\u1ef9 tr\u1edf th\u00e0nh n\u01a1i h\u1ea5p d\u1eabn h\u01a1n \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf. Khi l\u1ea1m ph\u00e1t gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 2% ho\u1eb7c t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p qu\u00e1 cao, Fed c\u00f3 th\u1ec3 gi\u1ea3m l\u00e3i su\u1ea5t \u0111\u1ec3 khuy\u1ebfn kh\u00edch vay m\u01b0\u1ee3n, \u0111i\u1ec1u n\u00e0y g\u00e2y \u00e1p l\u1ef1c l\u00ean \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9. C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) t\u1ed5 ch\u1ee9c t\u00e1m cu\u1ed9c h\u1ecdp ch\u00ednh s\u00e1ch m\u1ed7i n\u0103m, n\u01a1i \u1ee6y ban Th\u1ecb tr\u01b0\u1eddng M\u1edf Li\u00ean bang (FOMC) \u0111\u00e1nh gi\u00e1 c\u00e1c \u0111i\u1ec1u ki\u1ec7n kinh t\u1ebf v\u00e0 \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh v\u1ec1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. FOMC c\u00f3 s\u1ef1 tham gia c\u1ee7a m\u01b0\u1eddi hai quan ch\u1ee9c Fed \u2013 b\u1ea3y th\u00e0nh vi\u00ean c\u1ee7a H\u1ed9i \u0111\u1ed3ng Th\u1ed1ng \u0111\u1ed1c, ch\u1ee7 t\u1ecbch Ng\u00e2n h\u00e0ng D\u1ef1 tr\u1eef Li\u00ean bang New York, v\u00e0 b\u1ed1n trong s\u1ed1 m\u01b0\u1eddi m\u1ed9t ch\u1ee7 t\u1ecbch Ng\u00e2n h\u00e0ng D\u1ef1 tr\u1eef khu v\u1ef1c c\u00f2n l\u1ea1i, nh\u1eefng ng\u01b0\u1eddi ph\u1ee5c v\u1ee5 nhi\u1ec7m k\u1ef3 m\u1ed9t n\u0103m theo h\u00ecnh th\u1ee9c lu\u00e2n phi\u00ean. Trong nh\u1eefng t\u00ecnh hu\u1ed1ng c\u1ef1c \u0111oan, <\/span><\/p>\n
C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng ch\u00ednh s\u00e1ch n\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng (Quantitative Easing – QE). QE l\u00e0 qu\u00e1 tr\u00ecnh m\u00e0 Fed t\u0103ng \u0111\u00e1ng k\u1ec3 l\u01b0\u1ee3ng t\u00edn d\u1ee5ng l\u01b0u th\u00f4ng trong m\u1ed9t h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh \u0111ang b\u1ecb \u0111\u00ecnh tr\u1ec7. \u0110\u00e2y l\u00e0 m\u1ed9t bi\u1ec7n ph\u00e1p ch\u00ednh s\u00e1ch kh\u00f4ng th\u01b0\u1eddng xuy\u00ean \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng ho\u1eb7c khi l\u1ea1m ph\u00e1t c\u1ef1c k\u1ef3 th\u1ea5p. \u0110\u00e2y l\u00e0 v\u0169 kh\u00ed \u0111\u01b0\u1ee3c Fed l\u1ef1a ch\u1ecdn trong cu\u1ed9c \u0110\u1ea1i kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh n\u0103m 2008. N\u00f3 bao g\u1ed3m vi\u1ec7c Fed in th\u00eam \u0111\u00f4 la v\u00e0 s\u1eed d\u1ee5ng ch\u00fang \u0111\u1ec3 mua tr\u00e1i phi\u1ebfu ch\u1ea5t l\u01b0\u1ee3ng cao t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh. QE th\u01b0\u1eddng l\u00e0m suy y\u1ebfu \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9.<\/span><\/p>\n
Th\u1eaft ch\u1eb7t \u0111\u1ecbnh l\u01b0\u1ee3ng (Quantitative Tightening – QT) l\u00e0 qu\u00e1 tr\u00ecnh ng\u01b0\u1ee3c l\u1ea1i c\u1ee7a QE, theo \u0111\u00f3 C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang ng\u1eebng mua tr\u00e1i phi\u1ebfu t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh v\u00e0 kh\u00f4ng t\u00e1i \u0111\u1ea7u t\u01b0 v\u1ed1n g\u1ed1c t\u1eeb c\u00e1c tr\u00e1i phi\u1ebfu \u0111\u00e1o h\u1ea1n \u0111\u1ec3 mua tr\u00e1i phi\u1ebfu m\u1edbi. N\u00f3 th\u01b0\u1eddng c\u00f3 t\u00e1c \u0111\u1ed9ng t\u00edch c\u1ef1c \u0111\u1ebfn gi\u00e1 tr\u1ecb c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9.<\/span><\/p>\n<\/section>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"
T\u1ef7 gi\u00e1 EUR\/USD giao d\u1ecbch trong bi\u00ean \u0111\u1ed9 h\u1eb9p v\u00e0o th\u1ee9 S\u00e1u khi b\u00e1o c\u00e1o vi\u1ec7c l\u00e0m phi n\u00f4ng nghi\u1ec7p […]<\/p>","protected":false},"author":5,"featured_media":68351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-68350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/68350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=68350"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/68350\/revisions"}],"predecessor-version":[{"id":68495,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/68350\/revisions\/68495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/68351"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=68350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=68350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=68350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}