(Tieudung.vn) - Foreign exchange rates on September 28, 2024: The State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 13 VND, currently at 24,118 VND. Meanwhile, the world USD continued to decline after US inflation data.
The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 100.42 points, down 0.14 points compared to the transaction on September 27, 2024.
The dollar fell on Tuesday after U.S. inflation data showed continued easing price pressures, while the yen gained against the greenback after Shigeru Ishiba, seen as a rate hawk, was set to become Japan's next prime minister .
The U.S. personal consumption expenditures (PCE) price index rose 0.1% in August, in line with expectations of economists polled by Reuters, after rising an unadjusted 0.2% in July. In the 12 months through August, the PCE price index rose 2.2% after rising 2.5% in July. Separately, consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.2% last month after rising an unadjusted 0.5% in July. The reading was slightly below the 0.3% estimate but suggested the economy maintained growth momentum in the third quarter.
The Federal Reserve has recently signaled a shift in focus away from inflation and toward maintaining a healthy labor market, but last week cut interest rates by a larger-than-usual 50 basis points (bps). "Fed Chair Powell can breathe a sigh of relief," said Brian Jacobsen, chief economist at Annex Wealth Management in Menomonee Falls, Wisconsin.
“After pushing for a 50 basis point cut instead of the usual 25 basis points cut, the personal income and spending data so far has vindicated that decision.”
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.17% to 100.43 after falling to 100.15, its lowest since July 20, 2023, while the euro fell 0.14% to $1.116. The dollar fell about 0.2% for the week, heading for its fourth straight weekly decline and ninth in the past 10. The euro was slightly lower for the week.
Markets are fully pricing in a cut of at least 25 basis points at the Fed's November meeting, with expectations for another 50 basis point cut now up to 56.7% after the data, according to the CME's FedWatch Tool, open new tab, from 49.9% before the release.
Domestic USD exchange rate
The central VND/USD exchange rate announced by the State Bank of Vietnam (SBV) today is adjusted to 24,118 VND/USD, an increase of 13 VND compared to the trading session on September 27.
Currently, the permitted exchange rate of commercial banks fluctuates from 23,400 - 25,450 VND/USD. The USD exchange rate has also been brought to the buying and selling range of 23,400 to 25,450 VND/USD by the State Bank of Vietnam.
The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded an increase at banks. Specifically, Vietcombank has a buying price of 24,390 and a selling price of 24,760, down from the selling price compared to the trading session on September 27. The current USD buying and selling prices are in the range of 24,000 - 25,500 VND/USD.
BIDV listed the USD buying and selling prices at 24,430 - 24,770 VND/USD, down 20 VND/USD for both buying and selling compared to the previous session.
At Vietinbank, the listed USD buying and selling prices are at 24,280 - 24,780 VND/USD, down 20 VND/USD for both buying and selling compared to the previous session.
Eximbank listed the USD buying and selling prices at 24,410 - 24,770 VND/USD, down 20 VND/USD for buying and selling compared to the previous session.
Exchange rates of other strong currencies in the international payment basket, at Vietcombank, yesterday's session were as follows:
The EUR is around 26,762 – 28,231 VND/EUR (buy – sell). The British Pound is at 32,081– 33,447 VND/GBP.
The Swiss franc exchange rate is around 28,333 – 29,539 VND/CHF. The Canadian dollar is around 17,770 – 18,526 VND/CAD.
Australian dollar exchange rate, stands at around 16,471 - 17,173 VND/AUD. Japanese yen exchange rate, buy - sell around 165 - 174 VND/JPY.
According to Consumption
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-28-9-2024-dong-usd-tiep-da-giam/20240928105155209
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