Fed "shaken", USD down

Foreign exchange rates, USD/VND exchange rate today, December 5, recorded a slight decrease in USD while EUR went in the opposite direction.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: December 5, 2024 08:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,190	25,195	25,475
EUR	EUR	26,099	26,204	27,302
GBP	GBP	31,500	31,627	32,590
HKD	HKD	3,193	3,206	3,310
CHF	CHF	28,036	28,149	29,006
JPY	JPY	165.15	165.81	173.15
AUD	AUD	16,085	16,150	16,643
SGD	SGD	18,495	18,569	19,087
THB	THB	718	721	752
CAD	CAD	17,690	17,761	18,270
NZD	NZD		14,641	15,133
KRW	KRW		17.18	18.85

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on December 5, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 2 VND, currently at 24,262 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 : 25,142 - 25,475 VND.

Vietinbank : 25,079 - 25,475 VND.

Foreign exchange rates, USD/VND exchange rate today December 5: Fed 'shaken', USD down. (Source: CNBC)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.02% to 106.34.

The US dollar edged lower while the euro rose, amid market bets that the US Federal Reserve will still cut interest rates in December.

The EUR edged up against the USD, reaching $1.0512.

Investors also digested comments from European Central Bank (ECB) President Christine Lagarde in her testimony before parliament on December 4, when she said the ECB would continue to cut interest rates, but did not commit to anything regarding the pace of policy easing.

The ECB meets again on December 12 and economists expect it to cut interest rates by another 25 basis points for the fourth time this year.

Meanwhile, the DXY index as newly released data did not shake expectations that the Fed will cut interest rates later this month.

Specifically, US private payrolls increased at a moderate pace in November, but still below expectations, while annual wages for workers increased slightly for the first time in 25 months.

Private payrolls increased by 146,000 jobs last month, ADP reported, following a downwardly revised gain of 184,000 jobs in October. Economists in a Reuters poll had forecast private payrolls rising by 150,000.

Fed Chairman Jerome Powell has signaled support for a slower pace of interest rate cuts in the future, noting that the economy is currently stronger than the central bank expects.

The US dollar also recovered against the Japanese yen, up 0.6% to 150.52.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-512-fed-lung-lay-usd-di-xuong-296141.html