EUR climbs to the top, USD has not stopped sliding

Báo Quốc TếBáo Quốc Tế15/08/2024


Foreign exchange rates, USD/VND exchange rate today, August 15, recorded that USD decreased in value compared to other currencies in the last trading session, helping EUR reach a peak of nearly 8 months.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: August 15, 2024 08:29 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 16,082.66 16,245.11 16,766.67
CANADIAN DOLLAR CAD 17,779.25 17,958.83 18,535.41
SWISS FRANC CHF 28,193.13 28,477.91 29,392.21
YUAN RENMINBI CNY 3,432.93 3,467.61 3,579.48
DANISH KRONE DKK - 3,625.06 3,763.97
EURO EUR 26,848.32 27,119.51 28,321.12
Sterling Pound GBP 31,260.87 31,576.64 32,590.42
HONGKONG DOLLAR HKD 3,129.15 3,160.76 3,262.24
INDIAN RUPEE INR - 297.17 309.05
YEN JPY 164.73 166.39 174.35
KOREAN WON KRW 15.94 17.71 19.32
KUWAITIAN DINAR KWD - 81,509.64 84,770.29
MALAYSIAN RINGGIT MYR - 5,600.11 5,722.38
NORWEGIAN KRONER NOK - 2,286.36 2,383.49
RUSSIAN RUBLE RUB - 265.15 293.53
SAUDI RIAL SAR - 6,648.04 6,913.99
SWEDISH KRONA SEK - 2,342.07 2,441.57
SINGAPORE DOLLAR SGD 18,523.42 18,710.53 19,311.24
THAILAND THB 628.44 698.26 725.02
US DOLLAR USD 24,820.00 24,850.00 25,190.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:30 a.m. on August 15, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,260 VND, an increase of 5 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 24,820 VND - 25,190 VND.

Vietinbank: 24,710 VND - 25,160 VND.

(Nguồn: Getty Images)
Foreign exchange rates, USD/VND exchange rate today, August 15: EUR hits peak, USD has not stopped its slide. (Source: Getty Images)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 102.57, down 0.03%.

The US dollar fell against other currencies in the last trading session, helping the euro hit a near eight-month peak, after US consumer price index (CPI) data showed inflation was cooling, reinforcing expectations that the US Federal Reserve (Fed) is about to cut interest rates.

The US CPI rose moderately in July, while annual inflation slowed below 3% for the first time since early 2021, raising expectations that the Fed will cut interest rates next month, although perhaps not as aggressively as the market had hoped.

The report also showed a modest increase in producer prices in July, with inflation trending lower, which should give the Fed more room to focus on the labor market amid growing concerns about a possible economic downturn.

Amo Sahota, director of Klarity FX in San Francisco (USA), commented: "This data has slightly reduced expectations for a 50 basis point interest rate cut target in September."

The euro rose 0.18% against the greenback to $1.1014, surpassing its peak during last week’s market volatility and trading at its highest since Jan. 2. The DXY index was slightly lower at 102.57.

Traders had been pricing in a September rate cut from the Fed ahead of the producer price data and raised bets on a 50 basis point cut to 56% from 53% a day earlier after the inflation data, according to CME Group's FedWatch Tool.

The pound was flat against the dollar and fell 0.29% to $1.2825 after new data showed that UK consumer price inflation rose less than expected in July as service prices rose more slowly.

However, sterling fell against the euro. Financial markets are pricing in a 44% chance of the Bank of England cutting interest rates by 0.25% in September, up from 36% before the data was released.



Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-158-eur-leo-dinh-usd-chua-dut-da-truot-doc-282382.html

Comment (0)

No data
No data

Event Calendar

Same tag

Same category

Same author

No videos available