DNVN - On December 4, 2024, the central exchange rate between the Vietnamese Dong and the USD announced by the State Bank increased by 20 VND, reaching 24,260 VND.
USD exchange rate on international market
The Dollar Index (DXY), which measures the strength of the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded at 106.32, down 0.07 points compared to the session on December 3.
In the most recent trading session, the USD was almost unchanged, as the US Federal Reserve (Fed) sent an optimistic signal about inflation approaching the 2% target and the possibility of future interest rate cuts.
Investors are closely watching the Fed’s messaging on interest rate policy. LSEG estimates that the probability of the Fed cutting interest rates by 25 basis points this month is priced at 70%, while the probability of keeping rates unchanged is 30%.
In France, political tensions weighed on the euro as Prime Minister Michel Barnier faced a no-confidence vote on December 4. Euro options were volatile, hitting their highest since March 2023.
“The euro will struggle amid political uncertainty and poor economic data from major eurozone economies,” said Bannockburn Forex strategist Marc Chandler.
U.S. bond yields continued to reflect market expectations for the Fed's move, with the 2-year bond rising to 4.202%, while the 10-year yield reached 4.193%.
Three Fed officials have stressed that inflation is moving closer to the 2% target, but they have yet to make a clear commitment to cutting interest rates at the upcoming meeting, adding to uncertainty about the policy direction.
In the short term, the USD exchange rate is expected to fluctuate within a narrow range, as the market awaits important data from the US such as the ADP employment report on December 4, the non-farm payroll on December 6, and speeches by Fed Chairman Jerome Powell and other officials.
Experts say the stability of the USD will depend on the Fed's policy and the political situation in Europe and Asia.
USD exchange rate in domestic market
In Vietnam, on the morning of December 4, the State Bank announced the central exchange rate between the Vietnamese Dong and the USD increased by 20 VND, currently at 24,260 VND.
The reference price at the State Bank of Vietnam remains unchanged, maintained at VND23,400 for buying and VND25,450 for selling.
At Vietcombank, the USD exchange rate remained at 25,140 VND for buying and 25,473 VND for selling, unchanged from the previous session.
BIDV Bank announced the buying and selling rates at 25,173 VND - 25,473 VND/USD, remaining the same as the previous transaction. Techcombank is currently applying the rates of 25,145 VND for buying and 25,473 VND for selling, with the buying price increasing by 15 VND.
At Eximbank, the USD exchange rate was listed at 23,740 VND for buying and 25,473 VND for selling, unchanged from the previous session. Meanwhile, ACB Bank adjusted the buying rate up by 10 VND, currently at 24,170 VND/USD for buying and 25,473 VND/USD for selling.
In the free market, the USD exchange rate decreased slightly, trading around 25,607 VND for buying and 25,707 VND for selling, down 3 VND and 13 VND respectively compared to the previous day.
Exchange rates of other currencies
The EUR exchange rate at the State Bank of Vietnam decreased slightly, listed at 24,180 VND for buying and 26,725 VND for selling.
The Japanese yen increased in price at the State Bank of Vietnam, currently trading at around 154 VND for buying and 170 VND for selling.
Viet Anh (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/ty-gia-ngoai-te-ngay-4-12-2024-usd-tai-ngan-hang-dieu-chinh-tang-nhe/20241204085221305
Comment (0)