Foreign exchange prices on December 15, 2024: USD maintains upward momentum, reaching 107 points

DNVN - On December 15, 2024, the USD exchange rate continued to maintain an upward trend, reaching 107 points and closing the most positive trading week in a month.

USD exchange rate on international market

The Dollar Index (DXY), a tool that measures the strength of the USD against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), ended at 107, down 0.6 points from the trading session on December 14.

The US dollar has been on a strong uptrend this week, as investors predict that the US Federal Reserve (Fed) may adjust the pace of interest rate cuts in 2025. Meanwhile, the British pound has been falling due to disappointing economic data from the UK.

The US dollar gained against the Japanese yen after reports that the Bank of Japan is likely to keep interest rates unchanged at its meeting next week.

The DXY index increased by nearly 1% last week, marking the strongest increase in the past month.

Specifically, data released on December 13 in the US showed signs of cooling in the labor market, along with more stable producer price inflation, which reinforced the belief that the Fed will cut interest rates at its meeting on December 18, but the possibility of slowing the pace of interest rate cuts next year is being considered.

Based on CME's FedWatch tool, the market has priced in a high probability of a Fed rate cut at its upcoming meeting, while also predicting a roughly 24% chance of two more cuts in January and March 2025.

San Francisco Fed President Mary Daly said earlier she supported a rate cut in December, but also stressed the need for more caution with further moves.

Domestic USD exchange rate

In the Vietnamese market, at the opening of the trading session on December 15, the State Bank of Vietnam announced the central exchange rate between the Vietnamese Dong and the USD increased by 9 VND compared to last week, reaching 24,264 VND/USD.

The reference exchange rate at the State Bank of Vietnam remains unchanged, maintained at 23,400 VND for buying and 25,450 VND for selling per USD.

At Vietcombank , the USD exchange rate is currently listed at 25,147 VND (buy) and 25,477 VND (sell), no adjustment compared to the previous session, and recorded a weekly increase of 0.84%.

BIDV quoted USD prices at 25,177 VND for buying and 25,477 VND for selling, unchanged from the previous trading day. Meanwhile, Techcombank maintained USD prices at 25,150 VND for buying and 25,477 VND for selling, unchanged from the previous session.

At Eximbank, the USD exchange rate was listed at 23,740 VND for buying and 25,477 VND for selling, unchanged from the previous session. ACB Bank quoted the USD exchange rate at 24,170 VND for buying and 25,477 VND for selling, unchanged from yesterday.

In the free market, the USD/VND exchange rate increased slightly, fluctuating at 25,660 VND for buying and 25,760 VND for selling, up 20 VND and 12 VND respectively compared to the previous session.

Regarding exchange rates of other currencies, the EUR at the State Bank of Vietnam was listed at 24,156 VND for buying and 26,699 VND for selling, down slightly from yesterday. Meanwhile, the Japanese Yen exchange rate remained unchanged, trading at 151 VND for buying and 167 VND for selling.

Viet Anh (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-15-12-2024-dong-usd-giu-da-tang-cham-nguong-107-diem/20241215092855728