Foreign exchange price on November 27, 2024: USD exchange rate remains stable

DNVN - On November 27, 2024, the central exchange rate of the Vietnamese Dong against the USD increased by 3 VND, reaching 24,295 VND/USD.

USD exchange rate on international market

The Dollar Index (DXY), which tracks the strength of the USD against six other major currencies (EUR, JPY, GBP, CAD, SEK, CHF), is currently at 106.87 points, up 0.98 points from November 26, 2024.

The US dollar has gained against other currencies in recent trading sessions, thanks to President-elect Donald Trump's pledge to impose new tariffs on imports from countries such as Canada, Mexico and China.

Minutes from a meeting earlier this month showed US officials had mixed views on how much further interest rate cuts were needed, but agreed not to provide specific policy directions for the coming period.

"With the stock market, no surprise is good news. The market likes certainty more than anything else," said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas. "Overall, Fed policymakers have remained cautious. ... They haven't said anything hawkish."

At the end of the trading session, the Dow Jones index increased by 123.74 points, equivalent to 0.28%, to 44,860.31 points. Meanwhile, the S&P 500 added 34.26 points, equivalent to an increase of 0.57%, to 6,021.63 points, while the Nasdaq Composite increased by 119.46 points, reaching 19,174.30 points, equivalent to an increase of 0.63%.

After Wall Street closed, the MSCI index tracking global stocks rose 1.52 points to 859.27, or 0.18 percent. However, Europe's STOXX 600 index had earlier fallen 0.57 percent.

Although the gain was not at its session high, the US dollar still gained against the Mexican peso and the Canadian dollar in afternoon trading.

President Trump, citing concerns about illegal immigration and drug trafficking, announced a 25% tariff on products from Mexico and Canada, along with a 10% tariff on goods from China. He had previously threatened to impose tariffs of more than 60% on Chinese imports.

Still, Burns McKinney said investors appear to view the moves as negotiating tools rather than serious threats.

But Treasury yields rose again after the tariff announcement, giving Monday’s rally a bit of a reprieve. Trump’s pick for Treasury Secretary Scott Bessent last week also weighed on sentiment.

“Concerns about tariffs and the U.S. budget deficit are weighing on the market, affecting the likelihood of the Fed cutting rates actually,” said Matt Eagan, portfolio manager at Loomis, Sayles & Co.

Domestic USD exchange rate

In Vietnam, the State Bank kept the central exchange rate unchanged at VND24,295/USD. Commercial banks maintained the USD selling price around VND25,509/USD, similar to the previous session.

Specifically, Vietcombank announced a stable USD exchange rate of 25,170 - 25,509 VND/USD (buy - sell). BIDV kept the exchange rate at 25,200 - 25,509 VND/USD, unchanged from the previous session. Meanwhile, Techcombank reduced the buying price by 5 VND, but kept the selling price at 25,155 - 25,509 VND/USD.

Eximbank maintained the USD exchange rate at 23,769 - 25,509 VND/USD from the previous session. At ACB bank, the exchange rate remained unchanged, currently at 24,200 - 25,509 VND/USD (buy - sell).

On the free market, the USD/VND exchange rate was traded at 25,709 - 25,809 VND/USD, down 31 VND in both directions compared to the previous session.

The EUR exchange rate at the State Bank of Vietnam recorded a slight decrease, with the buying and selling rates being 24,110 VND - 26,647 VND/EUR.

For Japanese yen, the buying and selling rates at the State Bank of Vietnam remain unchanged, currently at 150 VND - 166 VND/JPY.

Viet Anh (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-27-11-2024-ty-gia-usd-giu-da-on-dinh/20241127090124869