EUR, Japanese Yen both decrease, USD keeps rising

Foreign exchange rates, USD/VND exchange rate today, December 11, USD increased before the US inflation data was released.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 11/12/2024 08:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,200	25,210	25,470
EUR	EUR	26,217	26,322	27,422
GBP	GBP	31,704	31,831	32,797
HKD	HKD	3,197	3,210	3,315
CHF	CHF	28,293	28,407	29,276
JPY	JPY	163.48	164.14	171.36
AUD	AUD	15,991	16,055	16,547
SGD	SGD	18,573	18,648	19,169
THB	THB	731	734	765
CAD	CAD	17,562	17,633	18,137
NZD	NZD		14,577	15,069
KRW	KRW		17.05	18.69

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on December 11, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,258 VND, an increase of 3 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 : 25,140 - 25,470 VND.

Vietinbank : 25,150 - 25,470 VND.

Foreign exchange rates, USD/VND exchange rate today, December 11: EUR, Japanese Yen both decreased, USD kept increasing. (Source: Reuters)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.26% to 106.41.

The dollar rose ahead of US inflation data that could provide clues on the path of monetary policy easing by the US Federal Reserve (Fed).

Money markets are pricing in an 86% chance of a 25 basis point rate cut by the Fed next week, but investors will still be closely watching the Consumer Price Index (CPI) data due out later today (December 11).

“The market is worried about stronger data, which could lead to a slightly more hawkish outlook for the Fed,” said Brad Bechtel, global head of FX at Jefferies.

“I think the market is looking to see if the CPI data will influence the Fed’s decision at the December meeting. Right now, the market has almost 100% priced in a 25 basis point easing.”

Meanwhile, the US dollar increased by 0.47% to 151.925 Yen.

Investors saw little movement ahead of the European Central Bank's (ECB) policy meeting.

The ECB is expected to cut interest rates by 25 basis points, but investors will focus on information that could provide clues about the bank's future moves.

In contrast, the EUR fell 0.27% to $1.0526.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-1112-eur-yen-nhat-cung-giam-usd-giu-da-tang-296884.html