USD price slightly decreased at the beginning of the week

How much is 1 USD in VND today?

The State Bank's USD exchange rate today is 24,031 VND.

Vietcombank USD exchange rate is currently at 24,330 VND - 24,700 VND (buy - sell).

Vietcombank Euro exchange rate is currently at 26,054 VND - 27,484 VND (buy - sell).

The current Japanese Yen exchange rate is 160.90 VND - 170.30 VND (buy - sell).

The current exchange rate of British Pound is 30,370 VND - 31,663 VND (buy - sell).

Today's Yuan exchange rate is at 3,339 VND - 3,482 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 103.19 points.

The USD fell slightly in early trading. The USD Index fell 0.07%. The market is still watching economic data to assess the next move of the US Federal Reserve. The US economic activity is still recovering, despite the highest interest rates in decades. Expectations of a rate cut in March are decreasing, especially after comments from FED officials last week. Before that, the USD price had established a series of increases for 2 consecutive weeks.

San Francisco Fed President Mary Daly believes the US economy and monetary policy are in “good shape” and it is too early to think about cutting interest rates.

According to the CME FedWatch tool, the probability of the Fed cutting interest rates in March is below 50%. The market is starting to think about a rate cut in May.

The market will have a clearer picture when the core personal consumption expenditures (PCE) price index is released later this week, said Chris Weston, head of research at online brokerage Pepperstone.

Analysts at NatWest Markets note that the USD price is likely to continue to be adjusted amid the threat of geopolitical conflicts in trade supply chains.

In Europe, the European Central Bank is expected to cut interest rates, but at a later date than the Fed, which is expected to cut rates five times this year.

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