USD price weak at the beginning of the week

How much is 1 USD in VND today?

The central exchange rate is listed by the State Bank at 23,939 VND/USD.

Today's black market USD exchange rate is at 24,090 - 24,460 VND (buy - sell).

Vietcombank USD exchange rate today is listed at 24,090 VND - 24,460 VND (buy - sell).

Vietcombank Euro exchange rate is currently at 25,728 VND - 27,140 VND (buy - sell).

The current Japanese Yen exchange rate is 161.30 VND - 170.65 VND (buy - sell).

The current British Pound exchange rate is 30,090 VND - 31,309 VND (buy - sell).

Today's Yuan exchange rate is at 3,332 VND - 3,474 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 103.28 points.

The dollar started Monday's session on a cautious note from Federal Reserve Chairman Jerome Powell, with a U.S. jobs report that could influence the outlook for interest rates.

US monetary policy is slowing the economy as expected, with benchmark interest rates “well within their range,” Mr Powell said.

While Mr. Powell reiterated that the Fed remains ready to tighten policy further if appropriate, the market still believes that the rate-hike cycle is over.

According to the CME FedWatch tool, there is now a 60% chance the Federal Reserve will cut interest rates before its March 2024 meeting. Last week, the odds were 21%.

The US dollar index hovered around Friday's close of 103.28.

Kyle Rodda, financial markets analyst at Capital.com, said U.S. data remains the “main driver” of G10 currencies, making nonfarm payrolls the “most important risk event” this week. The U.S. November jobs report is due on Friday.

“What we are seeing is a pricing in US economic exceptionalism, combined with the unwinding of long positions in the US dollar,” Rodda added.

The yen edged up to 146.58 yen per dollar after falling to 146.24 earlier in the session - its lowest since Sept. 11. The yen recently bounced off a near 33-year low of 151.92 yen per dollar hit in mid-November.

The Australian dollar rose to a fresh four-month high of 0.669 AUD/USD. The New Zealand dollar fell to 0.6222 NZD/USD, its strongest level since late July.

The pound traded around $1.2682, easing pressure from last week.

Currency markets could also be affected this week by speeches from several European Central Bank officials ahead of a slew of economic data from the region such as third-quarter gross domestic product data.

Euro zone inflation fell to 2.4% in November, adding fresh fuel to speculation the ECB will cut interest rates faster than expected.

The euro was little changed at 1.0874 EUR/USD after narrowing last week.

ECB President Christine Lagarde is scheduled to speak today.

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