USD reverses and declines slightly before the second hearing of the Fed Chairman

Việt NamViệt Nam11/07/2024


USD/VND exchange rate today, July 11, 2024 in the domestic market

USD exchange rate today July 11, 2024, USD VCB increased by 5 VND in both buying and selling directions, world USD decreased slightly before the second hearing of the FED Chairman.

The central VND/USD exchange rate today (July 11) was announced by the State Bank of Vietnam (SBV) at 24,247 VND/USD, up 5 VND compared to the trading session on July 10.

Currently, the exchange rate allowed for trading by commercial banks fluctuates from 23,400 - 25,450 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam (SBV) from 23,400 to 25,450 VND/USD.

The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 25,209 and a selling price of 25,459, an increase of 5 VND in both buying and selling compared to the trading session on July 10. The current USD buying and selling prices are in the range of 24,000 - 25,500 VND/USD.

1. VCB – Updated: 11/07/2024 00:30 – Time of the source website
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 16,691.70 16,860.30 17,401.18
CANADIAN DOLLAR CAD 18,175.03 18,358.62 18,947.55
SWISS FRANC CHF 27,603.77 27,882.60 28,777.06
YUAN RENMINBI CNY 3,423.45 3,458.03 3,569.50
DANISH KRONE DKK 3,617.70 3,756.23
EURO EUR 26,782.51 27,053.04 28,251.00
Sterling Pound GBP 31,671.88 31,991.80 33,018.08
HONGKONG DOLLAR HKD 3,171.49 3,203.52 3,306.29
INDIAN RUPEE INR 303.64 315.78
YEN JPY 152.71 154.25 161.62
KOREAN WON KRW 15.87 17.63 19.23
KUWAITIAN DINAR KWD 82,840.85 86,152.60
MALAYSIAN RINGGIT MYR 5,345.06 5,461.63
NORWEGIAN KRONER NOK 2,348.69 2,448.40
RUSSIAN RUBLE RUB 276.48 306.06
SAUDI RIAL SAR 6,758.55 7,028.74
SWEDISH KRONA SEK 2,360.55 2,460.77
SINGAPORE DOLLAR SGD 18,347.32 18,532.64 19,127.17
THAILAND THB 616.75 685.28 711.52
US DOLLAR USD 25,209.00 25,239.00 25,459.00
2. Agribank – Updated: 01/01/1970 08:00 – Time of website source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,250.00 25,259.00 25,459.00
EUR EUR 26,951.00 27,059.00 28,256.00
GBP GBP 31,830.00 32,022.00 33,003.00
HKD HKD 3,190.00 3,203.00 3,307.00
CHF CHF 27,769.00 27,881.00 28,753.00
JPY JPY 153.62 154.24 161.48
AUD AUD 16,809.00 16,877.00 17,385.00
SGD SGD 18,474.00 18,548.00 19,099.00
THB THB 680.00 683.00 712.00
CAD CAD 18,304.00 18,378.00 18,921.00
NZD NZD 15,323.00 15,830.00
KRW KRW 17.58 19.20
3. Sacombank – Updated: 09/05/2002 07:16 – Time of website source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25250 25250 25459
AUD AUD 16941 16991 17501
CAD CAD 18460 18510 18961
CHF CHF 28071 28121 28690
CNY CNY 0 3459.5 0
CZK CZK 0 1047 0
DKK DKK 0 3636 0
EUR EUR 27247 27297 28007
GBP GBP 32271 32321 32989
HKD HKD 0 3265 0
JPY JPY 155.42 155.92 160.47
KHR KHR 0 6.2261 0
KRW KRW 0 18.1 0
LAK LAK 0 0.9657 0
MYR MYR 0 5565 0
NOK NOK 0 2380 0
NZD NZD 0 15264 0
PHP PHP 0 408 0
SEK SEK 0 2400 0
SGD SGD 18627 18677 19238
THB THB 0 657.6 0
TWD TWD 0 780 0
XAU XAU 7598000 7598000 7698000
XBJ XBJ 7000000 7000000 7330000

In the "black market", the black market USD exchange rate as of 5:15 a.m. on July 11, 2024 is as follows:

Tỷ giá USD hôm nay 11/7/2024: Đồng USD
Black Market 11/7/2024

USD exchange rate today July 11, 2024 on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 105.01 points – down 0.12% compared to trading on July 10.

Tỷ giá USD hôm nay 11/7/2024: Đồng USD
USD (DXY) exchange rate developments in recent days (Source: Investing)

The dollar fell against the euro on Tuesday ahead of a second day of testimony before Congress by US Federal Reserve Chairman Jerome Powell, after hinting yesterday that the US central bank was moving closer to cutting interest rates.

Mr. Powell acknowledged that the labor market was cooling and inflation was improving, while noting that “we now face two-way risks” in the economy.

But he also said a rate cut was not appropriate until the Fed had “greater confidence” that inflation was moving toward its 2% target.

Powell took a fairly cautious approach. But there were enough dovish hints in his speech to help improve risk appetite in the market, ” said Karl Schamotta, chief market strategist at Corpay in Toronto.

The idea that the labor market is no longer generating the inflationary pressures that the U.S. economy is struggling with and that the Fed is trying to fix is ​​helping to reduce the likelihood of further rate hikes and also making a September rate cut more likely,” Schamotta added .

Chairman Powell is expected to reiterate much of his comments on Wednesday (US time).

Traders now see a 77% chance of a rate cut in September, up from 73% the previous day, with a second cut likely in December, according to CME Group's FedWatch Tool.

The dollar index, which measures the value of the US currency against six other currencies including the euro and yen, fell 0.12% to 105.01.

June consumer price inflation data due on Thursday is the next major US economic release that could influence Fed policy. Headline prices are expected to rise 0.1% on the month, while core prices rose 0.2%. That would bring the annual increase to 3.1% and 3.4%, respectively.

The euro rose 0.09% to $1.082 as investors came to terms with the situation of a hung parliament in France.

The surprise result of the snap election, in which the left benefited from an unexpected surge but no group won an absolute majority, has plunged France into uncertainty, with no clear path to a stable government.

The dollar rose 0.11% to 161.48 Japanese yen, moving closer to a 38-year high of 161.96 hit last week.

Several Japanese private banks met with the Bank of Japan (BoJ) yesterday and called on the central bank to halve its monthly bond purchases around 2026. The findings will be taken into account when the BoJ finalizes its plan to scale back asset purchases at its July 30-31 policy meeting.

The pound rose 0.16% to $1.2804. Meanwhile, the kiwi fell after the Reserve Bank of New Zealand opened the door to a possible interest rate cut if inflation slows as expected.

Policymakers had flagged the possibility of further rate hikes at their previous meeting in May. The New Zealand dollar was last down 0.73% against the US dollar at $0.6078.

Tỷ giá USD hôm nay 11/7/2024: Đồng USD
USD price today 7/11/2024

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop – No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

2. Gold and Silver Fine Arts – No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

3. Minh Chien Jewelry Store – No. 119 Cau Giay, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company – No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store – No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones – No. 19 Tran Nhan Tong, Hai Ba Trung District, Hanoi

7. Chinh Quang Store – No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store – No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

9. Huy Khoi Store – No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City:

1. Minh Thu Currency Exchange – 22 Nguyen Thai Binh, District 1, HCMC

2. Kim Mai Gold Shop – 84 Cong Quynh, District 1, HCMC

3. Kim Chau Gold Shop – 784 Dien Bien Phu, Ward 10, District 10. Ho Chi Minh City

4. Saigon Jewelry Center – 40-42 Phan Boi Chau, District 1, HCMC

5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City

6. DOJI Jewelry Store – Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC

7. Kim Tam Hai Shop – No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC

8. Bich Thuy Gold Shop – No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC

9. Ha Tam Gold Shop – No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC

10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Source: https://congthuong.vn/ty-gia-usd-hom-nay-1172024-dong-usd-dao-chieu-giam-nhe-truoc-phien-dieu-tran-thu-2-cua-chu-chairman-fed-331281.html


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