USD returns to the race, "chasing" EUR

Foreign exchange rates, USD/VND exchange rate today, September 26, recorded that the USD has bounced back from its 14-month low against the EUR.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: September 26, 2024 08:26 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,364.29	16,529.59	17,060.76
CANADIAN DOLLAR	CAD	17,785.98	17,965.63	18,542.95
SWISS FRANC	CHF	28,203.87	28,488.76	29,404.23
YUAN RENMINBI	CNY	3,425.08	3,459.68	3,571.39
DANISH KRONE	DKK	-	3,603.88	3,742.08
EURO	EUR	26,678.83	26,948.31	28,143.12
Sterling Pound	GBP	31,918.76	32,241.17	33,277.22
HONGKONG DOLLAR	HKD	3,078.57	3,109.67	3,209.60
INDIAN RUPEE	INR	-	293.29	305.03
YEN	JPY	164.19	165.85	173.75
KOREAN WON	KRW	15.98	17.76	19.27
KUWAITIAN DINAR	KWD	-	80,317.58	83,532.89
MALAYSIAN RINGGIT	MYR	-	5,868.93	5,997.25
NORWEGIAN KRONER	NOK	-	2,280.05	2,376.97
RUSSIAN RUBLE	RUB	-	252.99	280.07
SAUDI RIAL	SAR	-	6,535.78	6,797.43
SWEDISH KRONA	SEK	-	2,367.16	2,467.79
SINGAPORE DOLLAR	SGD	18,610.57	18,798.55	19,402.63
THAILAND	THB	664.48	738.32	766.63
US DOLLAR	USD	24,390.00	24,420.00	24,760.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 6:00 a.m. on September 26, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,124 VND, down 12 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,290 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 24,380 VND - 24,750 VND.

Vietinbank : 24,270 VND - 24,770 VND.

Foreign exchange rates, USD/VND exchange rate today, September 26: USD returns to the race, 'chasing' EUR. (Source: Vneconomy)

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) increased by 0.45% to 100.92.

The US dollar has bounced back from a 14-month low against the euro.

Still, investors remain bullish that the US Federal Reserve will make another big interest rate cut at its policy meeting in November due to concerns about the labor market.

The greenback earlier fell sharply on September 24 after data showed US consumer confidence fell the most in three years in September, amid growing concerns about the labor market.

“The narrowing of the labor market gap is a very bad omen for the U.S. economy,” said Karl Schamotta, chief market strategist at Corpay in Toronto, Canada. “Markets are interpreting this as a sign that the Fed is likely to deliver a second major cut at its November meeting.”

Traders now see a 59% chance of a 50 basis point cut at the Fed's November 7 meeting, up from 37% a week ago and a 41% chance of a 25 basis point cut, according to CME Group's FedWatch Tool.

Last week, the Fed began a series of interest rate cuts as expected by the market, with a 50 basis point cut, which Fed Chairman Jerome Powell said was a move to demonstrate policymakers' commitment to slowing inflation.

Meanwhile, the euro fell 0.41% to $1.1134, after hitting $1.1214 earlier, its highest since July 2023. The DXY index rose 0.68% to 100.91.

The index had earlier fallen to 100.21, its lowest since July 2023. The greenback rose 1.03% to 144.68 yen, before hitting 144.75, its highest since September 3.

Despite dismal German economic data and concerns over France’s budget, the euro has performed “extremely well” against the dollar this week, said Jane Foley, senior FX strategist at Rabobank.

France's new budget minister Laurent Saint-Martin told lawmakers in parliament on September 25 that France's budget deficit is at risk of exceeding 6% of economic output this year.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-269-usd-tro-lai-duong-dua-ruot-duoi-eur-287655.html