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| Foreign exchange rates today December 4: USD, EUR, CAD, Pound exchange rates, exchange rates... (Source: Capital) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of December 4 was announced by the State Bank at 23,939 VND/USD, an increase of 48 VND/USD yesterday.
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 25,690 VND/EUR and selling is 27,101 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,080 VND/USD, selling is 24,380 VND/USD.
EUR exchange rate for buying is 25,866 VND/EUR, selling is 27,062 VND/EUR.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from November 30 to December 6 |
| 1 | EUR | Euro | 25,690.60 | 27,101.27 | 26,304.30 |
| 2 | JPY | Japanese Yen | 160.71 | 170.12 | 162.58 |
| 3 | GBP | British Pound | 29,948.34 | 31,223.66 | 30,402.99 |
| 4 | AUD | Australian Dollar | 15,769.25 | 16,440.76 | 15,878.23 |
| 5 | CAD | Canadian Dollar | 17,490.53 | 18,235.34 | 17,642.76 |
| 6 | RUB | Russian Ruble | 252.97 | 280.06 | 268.80 |
| 7 | KRW | Korean Won | 16.11 | 19.52 | 18.58 |
| 8 | INR | Indian Rupee | 290.51 | 302.14 | 287.04 |
| 9 | HKD | Hong Kong Dollar (China) | 3,024.16 | 3,152.94 | 3,066.52 |
| 10 | CNY | Chinese Yuan China | 3,329.16 | 3,471.45 | 3,357.62 |
(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) stood at 103.19.
The greenback or Euro trend is expected to be slightly down this week.
The DXY index and US Treasury yields have both fallen sharply over the past few weeks. The DXY index has now fallen from around 107 to 103. The yield on the 10-year US Treasury bond has also fallen sharply from around 5% to 4.19%.
Cooling inflation in the US and market speculation that the US Federal Reserve (Fed) will begin a cycle of interest rate cuts are weighing on the greenback and Treasury bond yields.
The results of the next Fed meeting will be announced on December 13. The market expects the central bank to keep interest rates unchanged. However, according to the forecast released by the Fed in September, the central bank is still likely to raise interest rates by another 25 basis points. Therefore, it is necessary to wait for economic data and the inflation situation in the coming time, which will directly affect the Fed meeting.
The short-term trend of the DXY index is bearish. Resistance for the index is at 104. It could drop to the 102-101.50 zone in the coming weeks. The price action will need to be closely watched thereafter.
If the index can rebound strongly from 102-101.50, it will rise back to 104. Conversely, a break below 101.50 will increase bearish pressure, which could drag the index down to 100.
Meanwhile, the euro has fallen sharply from a high of 1.1017 last week. It hit a low of 1.0829 and recovered late last week. The outlook is bearish. EUR/USD could fall to 1.08 and even 1.07. However, it is supported in the 1.07-1.08 range. Therefore, a drop below 1.07 is less likely.
Resistance for the coin lies in the 1.0900-1.0930 zone. A strong rise above 1.0930 would ease the bearish pressure and even open the door to a bullish trend towards 1.10-1.11 in the future.
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