Yen escapes bottom, USD price fluctuates little

How much is 1 USD in VND today?

The central exchange rate is listed by the State Bank at 23,927 VND/USD.

Today's black market USD exchange rate is at 24,030 - 24,400 VND (buy - sell).

Vietcombank USD exchange rate today is listed at 24,030 VND - 24,400 VND (buy - sell).

Vietcombank Euro exchange rate is currently at 25,749 VND - 27,163 VND (buy - sell).

The current Japanese Yen exchange rate is 157.45 VND - 166.68 VND (buy - sell).

The current British Pound exchange rate is 29,595 VND - 30,855 VND (buy - sell).

Today's Yuan exchange rate is at 3,321 VND - 3,463 VND (buy - sell).

USD price today

The US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recording at 103.73 points.

The USD is still trading in a rather "sluggish" state in today's session as investors are uncertain about the path of US interest rates. Liquidity is still limited.

The DXY index fell 0.029% to 103.73, near a two-and-a-half month low of 103.17 hit earlier this week.

The index also fell 2.8% for the month on expectations that the Federal Reserve has ended its rate-hike cycle.

Markets have reduced their expectations for a Fed rate cut in 2024, according to the FedWatch tool. In the derivatives market, there is a 26% chance the Fed will cut rates in March 2024. Last week, the probability was 33%.

The euro stood at 1.0904 EUR/USD, up 0.16% overnight after a series of preliminary surveys showed that the economic recession in Germany may be milder than expected.

Meanwhile, Japan's core consumer price growth picked up slightly in October after falling the previous month, reinforcing views that persistent inflation could force the Bank of Japan (BOJ) to withdraw its monetary stimulus for a long time.

“We believe the BOJ could remove the yield curve program as early as the first quarter of next year, when Japanese government bonds appear to have stabilized… Rates would then rise in the second quarter of 2024 if wage growth continues to accelerate,” ING economists said.

The Japanese yen rose 0.04% to 149.49 yen per dollar. The Asian currency has been slowly climbing away from a near 33-year low of 151.92. The yen has rallied 1.5% for the month.

Manufacturing activity at Japan's factories contracted for a sixth straight month in November, a survey showed, while modest growth in the services sector was little changed, underscoring the fragility of the Japanese economy amid weak demand and inflation.

The British pound was last at 1.2539 GBP/USD, up 0.05% on the day. The Australian dollar was up 0.14% at 0.657 AUD/USD, while the New Zealand dollar was up 0.07% at 0.605 NZD/USD.

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