EUR climbs to the top, USD has not stopped sliding

Foreign exchange rates, USD/VND exchange rate today, August 15, recorded that USD decreased in value compared to other currencies in the last trading session, helping EUR reach a peak of nearly 8 months.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: August 15, 2024 08:29 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
Australian Dollar	AUD	16,082.66	16,245.11	16,766.67
Canadian Dollar	CAD	17,779.25	17,958.83	18,535.41
SWISS FRANC	CHF	28,193.13	28,477.91	29,392.21
YUAN RENMINBI	CNY	3,432.93	3,467.61	3,579.48
DANISH KRONE	DKK	-	3,625.06	3,763.97
EURO	EUR	26,848.32	27,119.51	28,321.12
POUND STERLING	GBP	31,260.87	31,576.64	32,590.42
HONG KONG DOLLAR	HKD	3,129.15	3,160.76	3,262.24
INDIAN RUPEE	INR	-	297.17	309.05
YEN	JPY	164.73	166.39	174.35
Korean Won	KRW	15.94	17.71	19.32
KUWAITIAN DINAR	KWD	-	81,509.64	84,770.29
MALAYSIAN RINGGIT	MYR	-	5,600.11	5,722.38
NORWEGIAN KRONER	NOK	-	2,286.36	2,383.49
Russian Ruble	RUB	-	265.15	293.53
SAUDI RIAL	SAR	-	6,648.04	6,913.99
SWEDISH KRONA	SEK	-	2,342.07	2,441.57
SINGAPORE DOLLAR	SGD	18,523.42	18,710.53	19,311.24
THAILAND BAHT	THB	628.44	698.26	725.02
US DOLLAR	USD	24,820.00	24,850.00	25,190.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:30 a.m. on August 15, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,260 VND, an increase of 5 VND.

The reference USD exchange rate at the State Bank's Transaction Office is listed at: 23,400 VND - 25,450 VND.

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

Vietcombank: 24,820 VND - 25,190 VND.

Vietinbank : 24,710 VND - 25,160 VND.

Foreign exchange rates, USD/VND exchange rate today August 15: EUR hits peak, USD has not stopped its slide. (Source: Getty Images)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 102.57, down 0.03%.

The US dollar fell against other currencies in the last trading session, helping the euro hit a near eight-month peak, after US consumer price index (CPI) data showed inflation is cooling, reinforcing expectations that the US Federal Reserve (Fed) is about to cut interest rates.

The US CPI rose moderately in July, while annual inflation slowed below 3% for the first time since early 2021, raising expectations for a Fed rate cut next month, although perhaps not as aggressive as markets had hoped.

The report also showed a modest increase in producer prices in July, with inflation trending lower, which will allow the Fed to focus more on the labor market amid growing concerns about a possible economic recession.

Amo Sahota, director of Klarity FX in San Francisco (USA), commented: "This data has slightly reduced expectations for a 50 basis point interest rate cut target in September."

The euro rose 0.18% against the greenback to $1.1014, surpassing the highs hit during last week's market volatility and trading at its highest since January 2. The DXY index was slightly lower at 102.57.

Traders had been pricing in a rate cut in September ahead of the producer price data and raised bets on a 50 basis point cut to 56% from 53% a day earlier after the inflation data, according to CME Group's FedWatch Tool.

The pound was flat against the dollar and fell 0.29 percent to $1.2825 after new data showed Britain's consumer price inflation rose less than expected in July as service prices rose more slowly.

However, the pound fell against the euro. Financial markets are pricing in a 44% chance of the Bank of England cutting interest rates by 0.25% in September, up from 36% before the data was released.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-158-eur-leo-dinh-usd-chua-dut-da-truot-doc-282382.html