EUR recovers, USD falls behind

Foreign exchange rates, USD/VND exchange rate today December 2 recorded that EUR has recovered compared to the greenback.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: December 2, 2024 06:30 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,160	25,163	25,463
EUR	EUR	26,224	26,329	27,429
GBP	GBP	31,557	31,684	32,648
HKD	HKD	3,189	3,202	3,306
CHF	CHF	28,193	28,306	29,172
JPY	JPY	164.39	165.05	172.35
AUD	AUD	16,169	16,234	16,728
SGD	SGD	18,551	18,625	19,146
THB	THB	718	721	752
CAD	CAD	17,758	17,829	18,342
NZD	NZD		14,703	15,196
KRW	KRW		17.40	19.12

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on December 2, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,251 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 : 25,130 - 25,463 VND.

Vietinbank : 25,160 - 25,463 VND.

Foreign exchange rates, USD/VND exchange rate today December 2: EUR recovers, USD falls behind. (Source: Bloomberg)

Exchange rate developments in the world market

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 105.78.

The DXY index fell 1.65%, closing the week at 105.78, marking the biggest weekly drop in four months as the market remained uncertain about the US Federal Reserve's monetary policy in the coming time.

Inflation data showed continued pressure to exceed the Fed's 2% target, dampening expectations for aggressive rate cuts next year.

Accordingly, the Personal Consumption Expenditures (PCE) Price Index in October - the Fed's key inflation gauge, rose more than expected, showing persistent price pressures above the Fed's 2% target.

The data temporarily supported the dollar but also dampened expectations for more aggressive rate cuts. Markets are now pricing in a 66% chance of a 25 basis point cut by the Fed in December.

The DXY index tested key support at 105.72 last week, which could be seen as a correction for the index after its recent surge to a two-year high of 108.07, as traders reassessed inflation risks and expectations of a Fed rate hike in December.

If the index falls below the above support this week, it could continue to decline to 104.114. However, in the long term, the DXY index still shows bullish potential.

Meanwhile, the Japanese yen posted its biggest weekly gain in three months, rising 1.9 percent, as inflation in Tokyo fueled speculation the Bank of Japan (BOJ) will raise interest rates in December.

In the foreign exchange market, the euro recovered against the greenback, after earlier losses due to tough statements from European Central Bank (ECB) officials.

The DXY index's next move depends on upcoming economic data, including US employment data and the November inflation report. A rebound above 107 would signal renewed bullish momentum, while a break below 105 could accelerate selling pressure, dragging the DXY index towards 104.

Traders are also watching comments from Fed officials, hoping they will clarify their views on the pace of future interest rate adjustments.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-212-eur-hoi-phuc-usd-lui-lai-phia-sau-295766.html