USD price continues to fall

How much is 1 USD in VND today?

The central exchange rate is listed by the State Bank at 23,923 VND/USD.

Today's black market USD exchange rate is at 24,070 - 24,440 VND (buy - sell).

Vietcombank USD exchange rate today is listed at 24,070 VND - 24,440 VND (buy - sell).

Vietcombank Euro exchange rate is currently at 25,775 VND - 27,190 VND (buy - sell).

The current Japanese Yen exchange rate is 159.60 VND - 168.95 VND (buy - sell).

The British Pound exchange rate is currently at 29,895 VND - 31,168 VND (buy - sell).

Today's Yuan exchange rate is at 3,330 VND - 3,473 VND (buy - sell).

USD price today

The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded 103.30 points.

The USD price continued to fall in today's session as the market believes that US interest rates have peaked.

The dollar index fell 0.145% to 103.30, after posting its weakest monthly performance in a year in November. The US consumer price index rose moderately in October.

The personal consumption expenditures (PCE) price index rose 3% in October from a year earlier, but remained above the US Federal Reserve's (FED) 2% target.

“While 3% is still high to declare victory over inflation, it marks a new low for the yield curve. This should please the Fed. However, it remains to be seen between now and when prices hit 2%,” said Ryan Brandham, capital markets expert at Validus.

Fed officials are still leaving the door open for another rate hike. According to the CME FedWatch tool, there is a 97% chance the Fed will keep rates on hold at its December meeting. The probability of a rate cut in March has increased from 27% to 42%. Investors' focus now shifts to Chairman Powell's upcoming speech.

“We expect Powell to reiterate the possibility of further tightening and dampen expectations for rate cuts,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia. “If it eases further, the FOMC’s efforts will weaken. However, we do not expect them to raise rates further.”

In Europe, euro zone inflation fell more than expected for a third straight month, with markets betting the European Central Bank will start easing policy.

The euro rose 0.13% to $1.0902. On the week, the common European currency fell 0.3%. The British pound was at $1.2643, up 0.17% on the day.

The Yen rose 0.31%, narrowing the exchange rate to 147.73 JPY/USD. Japan said it could eliminate its negative interest rate policy from April 2024.

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