How much is 1 USD in VND today?
The central exchange rate is listed by the State Bank at 24,014 VND/USD.
Today's black market USD exchange rate is at 24,100 - 24,470 VND (buy - sell).
Vietcombank's USD exchange rate today is listed at 24,100 VND - 24,470 VND (buy - sell).
Vietcombank Euro exchange rate is currently at 25,253 VND - 26,640 VND (buy - sell).
The current Japanese Yen exchange rate is 155.99 VND - 165.12 VND (buy - sell).
The current exchange rate of British Pound is 28,949 VND - 30,182 VND (buy - sell).
Today's Yuan exchange rate is at 3,263 VND - 3,402 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 105.85 points.
The USD fell in the last session when the FED was expected to continue raising interest rates through the speech of Chairman Jerome Powell.
Federal Reserve officials are uncertain about when to end the war on inflation.
The market is waiting for a “ray of sunshine” when the Fed does raise interest rates, although Mr. Powell has said everything depends on the data, said Lou Brien, market expert at DRW Trading.
“Mr. Powell reminded the market to pay attention to the inflation situation, because we don’t know if it’s really over or not. We’ll know when the data comes out, and there’s a lot to do,” Mr. Brien said.
Consumer price inflation and retail sales data next week are expected to provide further clues on whether interest rates could rise further.
The dollar edged up as US consumer sentiment fell for a fourth straight month in November and speculation of a rebound in inflation.
The USD Index fell 0.06%. According to CME Group's FedWatch tool, there is a 22% chance that the Fed will raise interest rates in January 2024.
However, some analysts see the market as being "too complacent" as the Fed's next policy remains up in the air.
"Markets continue to underestimate the presence of inflation globally, and that makes them underestimate the possibility of further monetary tightening. Currently, the market is pricing in a rate cut by mid-2024. This will become clearer in the coming weeks," said Win Thin, a currency strategist at Brown Brothers Harriman.
San Francisco Fed President Mary Daly said she could not yet judge whether the Federal Reserve's current policy would bring inflation back to its 2% target.
Across the Atlantic, the euro rose 0.10% to 1.0679 per dollar.
European Central Bank President Christine Lagarde has said ECB interest rates will be kept at record highs long enough to bring inflation back to its 2% target.
The yen has risen to 151.59 yen per dollar, its highest level since November 1. Traders remain wary of potential currency intervention from the Japanese government. The yen is also on track for its worst week since August, with the JPY/USD pair up 1.48%.
The Australian dollar rose to 0.63395 AUD/USD, the highest level since November 1. The Reserve Bank of Australia raised interest rates to a 12-year high.
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