Foreign exchange prices on December 11, 2024: USD continues to increase slightly

DNVN - On December 11, 2024, the central exchange rate of Vietnamese Dong against USD increased by 10 VND, reaching 24,258 VND.

USD exchange rate on international market

The Dollar Index (DXY), which tracks the strength of the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded 106.4, up 0.26% compared to December 10, 2024.

The dollar rose in the last trading session, ahead of the release of US inflation data that could influence the Federal Reserve's monetary policy plans. Analysts are also watching for the impact of President-elect Donald Trump's policy commitments as he prepares to begin his second term next month.

Accordingly, Mr. Trump announced that he would apply a 25% tax on imported goods from Mexico and Canada as soon as he took office, in order to deal with illegal immigration and drug smuggling into the US.

Money markets are currently pricing in an 86% chance that the Fed will cut interest rates by 25 basis points next week. However, investors are still closely watching consumer price index (CPI) data, due to be released on December 11, to gauge the impact of Fed policy.

“The market is concerned that strong inflation data could make the Fed more hawkish. We want to see if this CPI information changes the Fed’s mind at the December meeting. By now, a 25bp cut is almost certain,” said Brad Bechtel, global head of FX at Jefferies.

Meanwhile, the US dollar rose 0.47% to 151.925 yen in trading.

Investors made few large trades ahead of the European Central Bank (ECB) policy meeting.

The ECB is expected to cut interest rates by 25 basis points, but markets are focused on signals of further adjustments from the agency.

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

Domestic USD exchange rate

In the morning trading session on December 11, the State Bank adjusted the central exchange rate of the Vietnamese Dong to the USD by 10 VND, reaching 24,258 VND.

At the State Bank of Vietnam, the buying and selling rates remained unchanged at VND23,400 - VND25,450.

Exchange rate at Vietcombank remained unchanged from the previous session, maintained at 25,140 - 25,470 VND/USD (buy - sell).

At BIDV , the USD buying and selling prices remained at 25,170 - 25,470 VND/USD, unchanged from the previous day. Meanwhile, Techcombank listed the exchange rate at 25,115 - 25,470 VND/USD, up 1 VND on the buying price and keeping the selling price unchanged.

At Eximbank, the exchange rate decreased by 10 VND in the buying direction, keeping the selling price unchanged, at 23,702 - 25,470 VND/USD. Meanwhile, ACB still maintained the trading level of 24,150 - 25,470 VND/USD, unchanged from before.

In the free market, the USD/VND exchange rate is trading around 25,550 - 25,660 VND/USD, down 60 VND for buying and 50 VND for selling compared to the previous day.

At the same time, the EUR exchange rate at the State Bank of Vietnam slightly decreased, reaching 24,316 VND - 26,876 VND (buy - sell).

Similarly, the Japanese yen exchange rate at the Exchange also decreased, fluctuating from 152 VND - 168 VND (buy - sell).

Viet Anh (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-11-12-2024-usd-tiep-tuc-xu-huong-tang-nhe/20241211095402967