Foreign exchange prices today March 27, 2024: Domestic USD slightly decreased

Domestic USD/VND exchange rate today

USD exchange rate today March 27, 2024, USD VCB adjusted up slightly by 20 VND in both buying and selling directions, besides, the world USD also bounced back.

The central VND/USD exchange rate today (March 27) was announced by the State Bank of Vietnam (SBV) at 23,994 VND/USD, down 21 VND compared to the trading session on March 26.

Currently, the exchange rate allowed for trading by commercial banks (CBs) fluctuates from 23,400 - 25,143 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam (SBV) from 23,400 to 25,143 VND/USD.

The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,580 and a selling price of 24,950, an increase of 20 VND compared to the trading session on March 26. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

USD exchange rate today in the world

The US dollar edged up on Wednesday as traders awaited fresh data for clues on the US Federal Reserve's monetary policy, while the Japanese yen fell after Japan's finance minister said he would not rule out any measures to counter the weakening yen.

Investors are grappling with whether the US Federal Reserve will cut interest rates three times this year as expected, if inflation continues to rise and economic growth remains strong.

The DXY index edged up after data on March 26 showed orders for long-lasting U.S. manufactured goods rose more than expected in February, while business spending on equipment showed signs of recovery as the outlook for economic growth in the first quarter remained optimistic.

“The market is desperately looking for any signs of weakness in the US economy and that seems unlikely,” said Adam Button, chief currency analyst at ForexLive in Toronto, Canada.

The US personal consumption expenditure (PCE) report, due later this week, is the main economic catalyst of the week. The core US PCE price index is expected to have increased 0.3% in February, with an annual rate expected at 2.8%.

Meanwhile, the euro fell 0.05% to $1.0831.

The greenback could come under some pressure this week from month-end and quarter-end portfolio rebalancing.

Source