DNVN - On November 15, 2024, the USD continued to record an upward momentum compared to major currencies, maintaining its highest level in a year and heading towards its fifth consecutive week of increase.
International USD exchange rate
The Dollar Index (DXY), which measures the strength of the USD against six other major currencies (EUR, JPY, GBP, CAD, SEK, CHF), reached 106.95, up 0.43 points from the previous trading day, November 14, 2024.
The US dollar continued to record highs against major currencies in the last trading session, maintaining a one-year high and likely to continue growing weekly.
Market expectations are that President-elect Donald Trump’s administration will take steps on tariffs and immigration restrictions, which are seen as likely to push up inflation. Trump’s Republican Party will retain control of both houses of Congress when he takes office in January, according to Edison Research’s November 13 forecast.
At one point, the DXY index reached 107.07, its highest level since early November 2023. The yield on the benchmark 10-year US bond fell slightly to 4.414%, down 3.7 basis points.
The US dollar also rose above 156 yen for the first time since July, closing the session up 0.56% at 156.38 yen per dollar.
Meanwhile, the EUR fell to its lowest level since November 2023, closing the session down 0.45% at $1.05165.
U.S. producer prices rose in October, the Labor Department said on November 14, a day after consumer inflation data showed a stabilization. In addition, the number of applications for unemployment benefits fell, suggesting the labor market remains strong. Still, the news has not changed expectations that the Federal Reserve will cut interest rates for a third time next month.
Domestic USD exchange rate
The US dollar rose against major currencies on November 15, 2024, hitting a one-year high, marking its fifth consecutive weekly gain, boosted by market expectations following Donald Trump's victory in the presidential election.
The central exchange rate at the State Bank today increased by 2 VND, to 24,290 VND/USD.
At commercial banks, at 5:00 a.m., Vietcombank listed the USD exchange rate at 25,154 - 25,504 VND/USD (buy - sell).
Compared to the previous day's listing, the USD buying and selling prices at Vietcombank remained unchanged, while at BIDV the USD exchange rate was listed at 25,180 - 25,504 VND/USD (buy - sell), with the selling price increasing by 2 VND.
For the CNY, the listed exchange rate at Vietcombank remained unchanged at 3,458.69 - 3,569.66 VND/CNY (buy - sell). Meanwhile, at BIDV, the listed CNY price was at 3,472 - 3,573 VND/CNY (buy - sell), down slightly by 1 VND compared to November 14.
The EUR exchange rate at the State Bank of Vietnam also increased slightly, with the buying and selling prices currently at VND 24,369 - VND 26,934.
The Japanese Yen at the State Bank of Vietnam Exchange recorded a slight increase in the buying and selling rates, currently at 148 VND - 164 VND.
Viet Anh (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-15-11-2024-usd-duy-tri-da-tang/20241115072309320
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