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| Foreign exchange rates today, December 14: USD, EUR, CAD, Pound... Fed stops raising interest rates, greenback falls sharply. (Source: Reuters) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of December 14 was announced by the State Bank at 23,945 VND/USD, down 9 VND/USD compared to the previous day.
Domestic market:
Vietcombank:
USD exchange rate for buying is 24,050 VND/USD, selling is 24,420 VND/USD.
EUR exchange rate for buying is 25,493 VND/EUR and selling is 26,893 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,100 VND/USD, selling is 24,400 VND/USD.
EUR exchange rate for buying is 25,923 VND/EUR, selling is 27,114 VND/EUR.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from 14-20/12 |
| 1 | EUR | Euro | 25,493.19 | 26,893.00 | 25,839.18 |
| 2 | JPY | Japanese Yen | 161.88 | 171.36 | 164.53 |
| 3 | GBP | British Pound | 29,660.51 | 30,923.54 | 30,076.64 |
| 4 | AUD | Australian Dollar | 15,485.02 | 16,144.42 | 15,706.64 |
| 5 | CAD | Canadian Dollar | 17,390.92 | 18,131.48 | 17,626.2 |
| 6 | RUB | Russian Ruble | 255.67 | 283.05 | 266.54 |
| 7 | KRW | Korean Won | 15.90 | 19.27 | 18.17 |
| 8 | INR | Indian Rupee | 290.06 | 301.68 | 287.28 |
| 9 | HKD | Hong Kong Dollar (China) | 3,028.00 | 3,156.95 | 3,066.86 |
| 10 | CNY | Chinese Yuan China | 3,308.50 | 3,449.91 | 3,334.59 |
(Source: State Bank, Commercial Bank, Customs Department)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.93% to 102.93.
The greenback exchange rate in the world today fell dramatically. The Euro and Japanese Yen increased.
The greenback fell against the euro and the yen in the last trading session, after the US Federal Reserve (Fed) signaled that US interest rate hikes were over and borrowing costs would fall by 2024.
Seventeen of 19 Fed officials were nearly unanimous in their view that the policy rate would fall by the end of 2024, with the forecast for a three-quarter percentage point cut from the current 5.25%-5.50%.
Accordingly, the Fed continued to keep interest rates steady in the third consecutive meeting, as expected by the market.
Powell said the central bank may be done raising interest rates, but left the door open to tightening again if needed. With inflation cooling but still above the Fed’s 2% target and a tightening labor market, many analysts see the U.S. economy remaining resilient for months to come.
Traders are now pricing in a 72% chance of a rate cut in March, according to CME Group's FedWatch Tool.
After the Fed meeting, investors will look ahead to a series of other central bank meetings taking place today (December 14), including the European Central Bank, the Bank of England, Norges Bank and the Swiss National Bank. The Norwegian Central Bank is seen as the only bank with the potential to raise interest rates.
Meanwhile, the euro rose 0.80% to $1.0882, at one point hitting $1.08970 - its highest since December 1. The common currency is on track for its biggest one-day percentage gain since November 14.
Meanwhile, the greenback fell 1.67% to 143.03 Japanese yen, its lowest level since December 8. The Bank of Japan will also hold a policy meeting next week.
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