DNVN - On September 27, 2024, the central exchange rate between Vietnamese Dong and USD decreased by 29 VND, currently at 24,105 VND/USD.
USD exchange rate on the world market
The Dollar Index (DXY), which measures the strength of the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 100.56 points, down 0.36 points compared to the trading session on September 26, 2024.
The US dollar weakened in a volatile session as earlier gains, fueled by upbeat US economic data, faded. Meanwhile, the Swiss franc surged after the Swiss National Bank decided to cut interest rates by 25 basis points.
The greenback pared losses after data showed U.S. weekly jobless claims fell 4,000 to a four-month low of 218,000, below the 225,000 forecast by economists polled by Reuters. Other reports showed corporate profits rose more than initially expected in the second quarter, and gross domestic product (GDP) grew at an unadjusted 3 percent rate.
New orders for key US capital goods also unexpectedly rose in August, although business spending on equipment trended lower in the third quarter.
“Once again, we see a disconnect between the Fed cutting rates and the fact that the economy is still growing at 3% or more,” said Joseph Trevisani, senior analyst at FXStreet in New York. “This leaves the market with no idea how to react. Why are we cutting rates? It may not hurt the economy, but help it, given that the neutral rate is now lower.”
“Markets will be focused on further signals from the Fed this week, especially Chairman Jerome Powell’s speech on Thursday,” said Peter Nurse, financial expert at Investing.com.
Powell will deliver a pre-recorded speech at the U.S. Treasury Market Conference in New York, according to the Fed. Several other Fed officials have spoken this week, with most backing the 50 basis point cut last week. But they have also warned that rates may not fall as sharply at upcoming meetings.
The Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) price index, is due out on Friday and could influence the central bank’s plans to raise interest rates. Data has shown the US economy growing strongly, with GDP in the second quarter hitting an annual rate of 3.0%, while jobless claims unexpectedly fell, indicating a sustained recovery in the labour market.
Domestic USD exchange rate
On September 27, the State Bank of Vietnam (SBV) announced the central exchange rate VND/USD at 24,105 VND/USD, down 29 VND compared to the trading session on September 26.
The exchange rate at commercial banks fluctuates between 23,400 - 25,450 VND/USD. The State Bank of Vietnam also sets the USD buying and selling range between 23,400 and 25,450 VND/USD.
This morning, at major banks, the USD exchange rate recorded a slight increase. Specifically, Vietcombank listed the buying rate at 24,430 VND/USD and the selling rate at 24,800 VND/USD, a slight decrease in the selling rate compared to the previous trading session. The current USD buying and selling price fluctuates between 24,000 - 25,500 VND/USD.
At BIDV, the USD exchange rate ended today's trading session up 20 VND in both buying and selling directions, to 24,450 - 24,790 VND/USD. Meanwhile, Techcombank adjusted up 40 VND in buying direction and 35 VND in selling direction, to 24,383 - 24,882 VND/USD.
At Eximbank, the USD exchange rate decreased by 10 VND for buying and 50 VND for selling, currently listed at 22,037 - 24,840 VND/USD.
ACB Bank also adjusted up 30 VND in both buying and selling, with the buying rate at 24,430 VND/USD and the selling rate at 24,790 VND/USD.
In the free market, the USD exchange rate at the end of the day increased by 30 VND in both buying and selling directions, currently trading around 25,000 - 25,100 VND/USD.
The Euro (EUR) exchange rate at the State Bank of Vietnam has slightly decreased, currently at 25,500 VND for buying and 28,184 VND for selling.
The Japanese Yen (JPY) exchange rate also decreased slightly, currently at 158 VND for buying and 175 VND for selling at the State Bank of Vietnam.
Cao Thong (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-27-9-2024-usd-giam-chi-so-dollar-index-dung-o-muc-100-56-diem/20240927080059126
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