US dollar rises after China trade data

USD exchange rate today December 11, 2024: The USD increased in price before the release of US inflation data that could provide clues about the Fed's easing path...

USD exchange rate today 12/11/2024

At the time of the survey at 5:00 a.m. on December 11, the central exchange rate at the State Bank was 24,258 VND/USD, up 10 VND compared to the previous session. The USD selling price at most commercial banks remained unchanged at 25,470 VND/USD. The USD Index (DXY) was 106.4 points.

Specifically, at Vietcombank , the USD exchange rate was stable at 25,140 - 25,470 VND/USD, buying and selling, unchanged from the previous session.

At BIDV bank, the listed USD to VND exchange rate is 25,170 - 25,470 VND/USD for buying and selling, unchanged from the previous session. Meanwhile, Techcombank is currently 25,115 - 25,470 VND/USD, adding 1 VND to the buying price and keeping the selling price unchanged from the previous session.

At Eximbank, the USD exchange rate was announced at 23,702 - 25,470 VND/USD, down 10 VND for buying and unchanged for selling compared to the previous session. Meanwhile, ACB did not make any new adjustments, still keeping the transaction at 24,150 VND/USD - 25,470 VND/USD (buying - selling).

The USD/VND exchange rate on the free market is trading around 25,550 - 25,660 VND/USD, down 60 VND for buying and 50 VND for selling compared to the previous session.

1. Agribank - Updated: 12/12/2024 00:00 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,200	25,205	25,465
EUR	EUR	26,164	26,269	27,368
GBP	GBP	31,768	31,896	32,862
HKD	HKD	3,195	3,208	3,312
CHF	CHF	28,161	28,274	29,137
JPY	JPY	163.10	163.76	170.96
AUD	AUD	15,855	15,919	16,410
SGD	SGD	18,560	18,635	19,155
THB	THB	733	736	768
CAD	CAD	17,564	17,635	18,138
NZD	NZD		14,451	14,941
KRW	KRW		17	18.64

2. Sacombank - Updated: April 27, 2004 07:16 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25319	25319	25465
AUD	AUD	15751	15851	16421
CAD	CAD	17544	17644	18196
CHF	CHF	28321	28351	29144
CNY	CNY	0	3457.3	0
CZK	CZK	0	997	0
DKK	DKK	0	3559	0
EUR	EUR	26201	26301	27184
GBP	GBP	31804	31854	32971
HKD	HKD	0	3260	0
JPY	JPY	163.33	163.83	170.34
KHR	KHR	0	6,032	0
KRW	KRW	0	17.3	0
LAK	LAK	0	1.129	0
MYR	MYR	0	5865	0
NOK	NOK	0	2284	0
NZD	NZD	0	14438	0
PHP	PHP	0	407	0
SEK	SEK	0	2300	0
SGD	SGD	18489	18619	19347
THB	THB	0	693.4	0
TWD	TWD	0	777	0
XAU	XAU	8340000	8340000	8690000
XBJ	XBJ	7900000	7900000	8690000

In the "black market", the black market USD exchange rate as of 5:00 a.m. on December 11, 2024 is as follows:

Black market on December 11, 2024. Photo: Chogia.vn

USD exchange rate today December 11, 2024 on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 106.4, up 2.1 points from the transaction on December 10, 2024.

DXY index developments in recent times.

The dollar rose on Tuesday ahead of U.S. inflation data that could provide clues on the Federal Reserve's path to monetary easing, while analysts assessed the likely impact of President-elect Donald Trump's policies as he begins his second term.

The Australian dollar fell sharply against the US dollar as the Reserve Bank of Australia downplayed its inflation outlook. The Australian dollar's rally on China's stimulus pledges earlier in the day also slowed after weak Chinese trade data.

Money markets are pricing in an 86% chance the US Federal Reserve will cut interest rates by 25 basis points next week, but investors will still be closely watching Consumer Price Index data due out on Wednesday.

“Clearly the market is worried about a stronger print, which could lead to a slightly more hawkish outlook for the Fed, or maybe a bit of a repricing,” said Brad Bechtel, global head of FX at Jefferies. “I think the market is looking to see if CPI will factor into the December decision, which is almost 100% priced in right now, but not 100% priced in.”

The dollar rose 0.47% to 151.925 yen. The dollar index, which measures the currency against the yen and five other major currencies, rose 0.23% to 106.4. Market participants saw little movement ahead of a busy second half of the week with U.S. data and a European Central Bank policy meeting.

The ECB is expected to cut interest rates by 0.25 basis points, but investors will focus on this communication as it could provide clues about the central bank's future moves.

The euro fell 0.27% to $1.0526. The Australian dollar fell 0.93% to $0.6381, after earlier falling to its lowest since August. The index rose 0.8% the previous day after China pledged to implement "appropriately loose" monetary policy next year.

“If we can get Chinese equities to rally, China-sensitive commodities like copper to rally, that could depress the dollar a little bit,” said Erik Bregar, director of FX and precious metals risk management at Silver Gold Bull. “You could feel there’s a lot of pressure there to do something.”

China's export growth slowed in November, while imports unexpectedly fell, weighing on expectations for the Australian economy as China is the country's largest trading partner.

Chinese shares edged lower while Hong Kong shares fell as initial optimism about a policy shift from Beijing faded.

The RBA kept interest rates on hold as expected, but noted the board had “some confidence” that inflation was returning to target.

"Full pricing (in a rate cut) in the coming weeks will put further pressure on the Australian dollar," said Volkmar Baur, FX strategist at Commerzbank, noting that two reports on the labor market and fourth-quarter inflation figures will be released before the next policy meeting in February.

The New Zealand dollar followed the Australian dollar down 1.1% to $0.5801. Investors will be closely watching China's closed-door Central Economic Work Conference this week, which sets key targets and policy intentions for the coming year.

The yuan was last trading at 7.2602 per dollar in offshore trading, supported by a surprise shift on Monday in Beijing's monetary policy stance toward greater easing to boost the struggling economy.

Elsewhere, the Bank of Canada and the Swiss National Bank will make policy decisions on Wednesday and Thursday, with both expected to make deep interest rate cuts. Against the Canadian loonie, the U.S. dollar rose to its strongest level since April 2020 at C$1.4165.

USD exchange rate today December 11, 2024. Illustration photo

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

2. Gold and Silver Fine Arts - No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Store - No. 119 Cau Giay, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company - No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Hai Ba Trung District, Hanoi

7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City:

1. Minh Thu Currency Exchange - 22 Nguyen Thai Binh, District 1, HCMC

2. Kim Mai Gold Shop - 84 Cong Quynh, District 1, HCMC

3. Kim Chau Gold Shop - 784 Dien Bien Phu, Ward 10, District 10. Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau, District 1, HCMC

5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC

7. Kim Tam Hai Shop - No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC

9. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC

10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Source: https://congthuong.vn/ty-gia-usd-hom-nay-11122024-dong-usd-tang-sau-du-lieu-thuong-mai-cua-trung-quoc-363604.html