Which currency pair is the most sensitive?

Foreign exchange rates, the USD/VND exchange rate today, August 30th, shows the US dollar surging thanks to new US economic data.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 30/08/2024 08:28 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,477.44	16,643.88	17,178.40
Canadian Dollar	CAD	17,983.89	18,165.55	18,748.93
SWISS FRANCE	CHF	28,627.73	28,916.90	29,845.56
YUAN RENMINBI	CNY	3,433.43	3,468.11	3,580.03
DANISH KRONE	DKK	But	3,628.54	3,767.61
EURO	CZ	26,865.24	27,136.60	28,339.22
POUND STERLING	GBP	31,919.74	32,242.16	33,277.62
HONG KONG DOLLAR	HKD	3,110.27	3,141.69	3,242.58
INDIAN RUPEE	INR	But	295.82	307.66
YEN	rush	166.59	168.27	176.32
Korean Won	KRW	December 16th	17.91	19.54
KUWAITI DINAR	KWD	But	81,345.51	84,600.36
MALAYSIAN RINGGIT	MYR	But	5,702.93	5,827.51
NORWEGIAN KRONER	NOK	But	2,321.17	2,419.80
RUSSIAN RUBLE	RUB	But	258.77	286.47
SAUDI RIAL	SAR	But	6,612.05	6,876.61
SWEDISH KRONA	SEK	But	2,385.35	2,486.71
SINGAPORE DOLLAR	SGD	18,617.69	18,805.75	19,409.70
THAILAND BAHT	THB	647.76	719.73	747.32
US DOLLAR	cau	24,680.00	24,710.00	25,050.00

Exchange rate movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:30 AM on August 30th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,221 VND, an increase of 9 VND.

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

The USD exchange rates at commercial banks for buying and selling are as follows:

Vietcombank: 24,660 VND - 25,030 VND.

Vietinbank : 24,570 VND - 25,020 VND.

Foreign exchange rates, USD/VND exchange rate today, August 30th: Which currency pair is the most sensitive? (Source: Vneconomy)

Exchange rate movements in the global market.

The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), closed at 101.27, up 0.28%.

The US dollar rose for a second consecutive session as newly released data showed the world's largest economy grew faster than expected in the second quarter of 2024, slightly dampening expectations of a larger 50-basis-point interest rate cut next month by the Federal Reserve.

Analysts say the report also raises expectations that the U.S. may avoid a recession altogether or only experience a mild one.

According to US data, the US dollar rose to a one-week high against the yen at 145.55 and recently gained 0.1%, reaching 144.77 yen. The USD/yen pair is the most sensitive, often fluctuating in line with the yield on two-year US Treasury bonds.

Meanwhile, the euro fell 0.4% to $1.1077. For the week, the euro dropped 1.04%, its biggest weekly decline since early April. The euro was generally weakened by inflation data from Germany and Spain, which increased expectations that the European Central Bank would take a more aggressive approach to interest rate easing.

Data released on August 29 showed that the U.S. Gross Domestic Product (GDP) grew at an annualized rate of 3% in the second quarter, according to estimates from the Bureau of Economic Analysis of the U.S. Department of Commerce, up from 2.8% the previous month and higher than the 1.4% increase in the first quarter.

In a separate report, the number of initial jobless claims fell by 2,000 to a seasonally adjusted 231,000 in the third week of August, lower than economists' forecast of 232,000.

Since the beginning of August, the US dollar has fallen by approximately 2.7%, on track for its biggest monthly decline since November 2023.

Investors are now awaiting the release of the US Core Personal Consumption Expenditures (PCE) index today, August 30th, which could provide further clues about the size of interest rate cuts in September, including the pace of the upcoming easing cycle.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-308-dau-la-cap-tien-te-nhay-cam-nhat-284267.html