Foreign exchange rates, USD/VND exchange rate today, February 17, recorded USD anchored below 107, the short-term picture is quite negative.
Foreign exchange rate update table - USD exchange rate Agribank today
| 1. Agribank - Updated: February 17, 2025 08:00 - Time of website source supply | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| USD | USD | 25,250 | 25,260 | 25,600 |
| EUR | EUR | 26,069 | 26,174 | 27,269 |
| GBP | GBP | 31,334 | 31,460 | 32,447 |
| HKD | HKD | 3,200 | 3,213 | 3,320 |
| CHF | CHF | 27,629 | 27,740 | 28,623 |
| JPY | JPY | 162.85 | 163.50 | 170.64 |
| AUD | AUD | 15,748 | 15,811 | 16,332 |
| SGD | SGD | 18,594 | 18,669 | 19,204 |
| THB | THB | 736 | 739 | 771 |
| CAD | CAD | 17,596 | 17,667 | 18,184 |
| NZD | NZD | 14,207 | 14,706 | |
| KRW | KRW | 16.85 | 18.61 | |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 8:00 a.m. on February 17, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 22 VND, currently at 24,562 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,384 VND - 25,740 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 25,190 - 25,580 VND.
Vietinbank: 25,065 - 25,645 VND.
 |
| Foreign exchange rates, USD/VND exchange rate today, February 17: USD faces a negative picture. (Source: Vietnamplus) |
Exchange rate developments in the world market
The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 106.79.
The DXY index saw a sharp decline last week.
US President Donald Trump's delay in imposing new tariffs and growing optimism about peace talks between Russia and Ukraine overshadowed the impact of high inflation on the greenback last week.
Federal Reserve Chairman Jerome Powell said his stance on interest rates reflects a stable US economy, with low unemployment and inflation still above the Fed's 2% target, stressing that the US central bank will not rush to cut short-term interest rates.
Meanwhile, traders are betting that the Fed could cut interest rates twice this year.
The US consumer price index (CPI) rose 3 percent in January, up from 2.87 percent in December 202204. Meanwhile, the core CPI rose 3.29 percent in January, up from 3.21 percent in the previous month.
The short-term picture is quite negative for the DXY index. Resistance for the index is at 107.30 and then 107.80-108. The DXY index could fall to 106 and even 105.
The EUR/USD pair has been well within its range over the past week. Optimism about a peace deal between Russia and Ukraine in the near future has been driving the common European currency higher. The currency has been fluctuating between 1.02-1.0550 for the past few weeks.
The index needs to break above 1.0550 and then rise above 1.0650 to turn the short-term outlook bullish. Only then would a rally to 1.08 emerge.
Conversely, failure to break above 1.0550 could see EUR/USD drop back to the 1.04-1.02 zone. In that case, this trading range would remain intact for some time.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-172-usd-doi-mat-voi-buc-tranh-tieu-cuc-304533.html
Comment (0)