USD falls before US election "G hour", domestic price increases slightly

Báo Quốc TếBáo Quốc Tế05/11/2024

Foreign exchange rates, USD/VND exchange rate today, November 5, recorded a decrease in the USD, as investors waited for the results of the US presidential election and the policy meeting of the US Federal Reserve (Fed).


Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 11/05/2024 09:00 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 16,236.18 16,400.18 16,926.40
CANADIAN DOLLAR CAD 17,748.02 17,927.29 18,502.51
SWISS FRANC CHF 28,554.56 28,842.99 29,768.44
YUAN RENMINBI CNY 3,475.86 3,510.97 3,623.62
DANISH KRONE DKK - 3,623.68 3,762.46
EURO EUR 26,825.10 27,096.06 28,296.09
Sterling Pound GBP 31,946.86 32,269.56 33,304.96
HONGKONG DOLLAR HKD 3,174.32 3,206.38 3,309.26
INDIAN RUPEE INR - 300.15 312.15
YEN JPY 160.33 161.95 169.66
KOREAN WON KRW 15.88 17.65 19.15
KUWAITIAN DINAR KWD - 82,514.71 85,813.95
MALAYSIAN RINGGIT MYR - 5,729.53 5,854.52
NORWEGIAN KRONER NOK - 2,254.84 2,350.59
RUSSIAN RUBLE RUB - 244.99 271.21
SAUDI RIAL SAR - 6,726.56 6,995.52
SWEDISH KRONA SEK - 2,312.55 2,410.74
SINGAPORE DOLLAR SGD 18,693.17 18,881.98 19,487.83
THAILAND THB 662.15 735.72 763.90
US DOLLAR USD 25,090.00 25,120.00 25,460.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:50 a.m. on November 5, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,253 VND, an increase of 11 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,095 - 25,465 VND.

Vietinbank: 25,138 - 25,465 VND.

Tỷ giá ngoại tệ, tỷ giá USD/VND hôm nay 5/11
Foreign exchange rates, USD/VND exchange rate today, November 5: USD falls before the 'G hour' of the US election, domestic prices increase slightly. (Source: Reuters)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 103.89, down 0.39%.

The US dollar fell as investors awaited the outcome of the US presidential election and the US Federal Reserve's policy meeting this week, which are expected to have far-reaching implications for the global economy.

In contrast, the EUR rose 0.7% to $1.0906, while the USD fell nearly 1% against the yen to $151.645.

The DXY index hit 103.58 at one point, a two-week low against other currencies.

US Treasury yields also fell 8 basis points.

Democratic candidate Kamala Harris and Republican Donald Trump remain roughly tied in the polls, and it remains impossible to predict who will win until the vote closes.

This week, the market is also awaiting the outcome of the Fed's policy meeting on November 7. The Fed is expected to cut the benchmark interest rate by 25 basis points, instead of repeating the 50 basis point easing at the September meeting.

Traders are betting on a 98% chance the Fed will cut by 0.25 basis points, taking rates to a range of 4.50%-4.75%, and a nearly 80% chance of a similar move at its December policy meeting, according to CME's FedWatch tool.

On the morning of November 4, British bonds stabilized and the pound recovered some losses, closing the trading session at $1.29820.



Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-511-usd-rot-gia-truoc-gio-g-bau-cu-my-trong-nuoc-tang-nhe-292541.html

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