USD price may continue to fall

How much is 1 USD in VND today?

The central exchange rate is listed by the State Bank at 23,954 VND/USD.

Today's black market USD exchange rate is at 24,040 - 24,410 VND (buy - sell).

Vietcombank USD exchange rate today is listed at 24,040 VND - 24,410 VND (buy - sell).

Vietcombank Euro exchange rate is currently at 25,757 VND - 27,172 VND (buy - sell).

The current Japanese Yen exchange rate is 157.53 VND - 166.75 VND (buy - sell).

The British Pound exchange rate is currently at 29,442 VND - 30,696 VND (buy - sell).

Today's Yuan exchange rate is at 3,295 VND - 3,436 VND (buy - sell).

USD price today

The US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recording at 103.95 points.

Foreign exchange rates today. Photo: CNBC

The dollar fell to a near two-month low against major currencies on Tuesday as market attention continued to shift to when the Federal Reserve will cut interest rates.

Meanwhile, a key interest rate decision from China takes center stage in Asia, with Beijing expected to keep its benchmark lending rate unchanged.

The euro was last at $1.0900, steady ahead of EU PMI data due later this week.

“Eurozone PMI surveys will be closely watched for further signs that the region is on the brink of or has already slipped into recession. In our view, the likelihood of a mild eurozone recession starting in late 2023 is now becoming increasingly clear,” said economists at Wells Fargo.

The dollar index, which measures the greenback against a basket of six currencies, rose 0.04% to 103.95. However, the USD Index is struggling to escape last week's two-month low of 103.79.

The index fell nearly 2% last week, its biggest weekly decline since July, following a series of weaker-than-expected US economic data and notably lower-than-estimated inflation readings.

According to the CME FedWatch tool, there is a 30% chance the Fed could start cutting interest rates as early as next March.

The decline in the greenback has provided some support to the Japanese Yen. The Yen is currently trading at 149.9 per dollar, temporarily escaping the 150 level.

The British pound fell 0.06 percent to $1.24545, but was not far from a two-month high of $1.2506.

“Market perceptions of the Federal Open Market Committee (FOMC) policy are likely to remain fairly stable this week, so the dollar will have little catalyst to rally, and may even weaken further,” said Carol Kong, currency strategist at Commonwealth Bank of Australia.

The Australian dollar fell 0.17% to $0.6504 AUD/USD, while the New Zealand dollar fell 0.04% to $0.5990 NZD/USD.

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