How much is 1 USD in VND today?
State Bank of Vietnam exchange rate is at 23,915 VND/USD.
Vietcombank USD exchange rate is currently at 24,190 VND - 24,560 VND (buy - sell).
Vietcombank Euro exchange rate is currently at 25,950 VND - 27,375 VND (buy - sell).
The current Japanese Yen exchange rate is 165.49 VND - 175.18 VND (buy - sell).
The current exchange rate of British Pound is 30,102 VND - 31,383 VND (buy - sell).
Today's Yuan exchange rate is at 3,341 VND - 3,483 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 102.46 points.
The dollar continued to rise as investors reassessed expectations for the size of the Federal Reserve’s interest rate cuts this year, a cautious mood that has gripped markets since last month’s impressive rally.
The Yen exchange rate widened to 143.09 per USD, up more than 0.9%.
The Australian dollar fell to a near two-week low of $0.6734.
The New Zealand dollar also plunged to 0.6249 per US dollar.
Minutes from the Fed’s December policy meeting showed officials believed inflation was under control. They were also concerned about the risk of over-tightening policy. But there was no indication of when interest rate cuts would be made.
“Continued rate hikes will change market expectations,” said Christopher Wong, a currency strategist at OCBC. “Global growth concerns and risk aversion in equities have dampened expectations of a Fed rate cut. That is what has pushed the dollar higher.”
The dollar index rose 0.06% to 102.46, near a three-week high of 102.73 hit in the previous session.
The euro fell 0.02% to 1.0921 per dollar, while the pound rose 0.05% to 1.2669 per dollar.
U.S. manufacturing activity continued to decline in December, although the rate of decline slowed. U.S. job openings fell for a third straight month in November, suggesting weakening labor market conditions.
Recent data showing a cooling US economy continues to fuel speculation that the Fed will cut interest rates this year as inflation comes under control.
According to the CME FedWatch tool, there is now a 72% chance the Fed could start cutting rates in March. Last week, the probability was 90%.
The U.S. nonfarm payrolls report is due out on Friday, and the data could provide further clarity on how much room the Fed has to cut interest rates.
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