USD continues to weaken ahead of important data week

State Bank USD exchange rate is at 24,261 VND. Photo: AFP

How much is 1 USD in VND today?

The State Bank's USD exchange rate is at 24,261 VND. On the free market, USD is traded at 25,775 - 25,855 VND (buy - sell).

Vietcombank USD exchange rate is currently at 25,224 VND - 25,474 VND (buy - sell).

The Euro exchange rate is currently at 26,846 VND - 28,318 VND (buy - sell).

The current Japanese Yen exchange rate is 157 VND - 167 VND (buy - sell).

The British Pound exchange rate is currently at 31,556 VND - 32,897 VND (buy - sell).

Today's Yuan exchange rate is at 3,445 VND - 3,592 VND (buy - sell).

USD price today

The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded 104.63 points. The greenback adjusted slightly in the context of falling US bond yields after data showed that economic growth in the US was at 1.3%, slower than the previously announced 1.6%.

The downgrade in first-quarter growth follows recent declines in retail sales and equipment spending, which have helped dampen bets on a Fed rate cut.

USD exchange rate today. Photo: CNBC

Several important economic reports are due this week. On Monday, markets will get the S&P Global Manufacturing PMI and the May ISM Manufacturing PMI. On Wednesday, the Bank of Canada will announce its interest rate decision, with forecasts suggesting a 0.25 basis point cut. On Thursday, the ECB will announce its interest rate, with forecasts suggesting a 25 basis point cut to its benchmark, along with weekly jobless claims. On Friday, the US will release its May non-farm payrolls report.

According to experts, if both central banks cut interest rates as expected, combined with a disappointing May jobs report, the market could quickly recalculate the timing and scale of the Fed's interest rate easing roadmap.

Source: https://laodong.vn/kinh-doanh/gia-usd-lien-tuc-suy-yeu-truoc-tuan-cong-bo-nhieu-du-lieu-quan-trong-1347089.ldo