Anxiously waiting for the FED's decision, USD exchange rate "stuck"

How much is 1 USD in VND today?

The central exchange rate is listed by the State Bank at 24,079 VND/USD.

Today's black market USD exchange rate is at 24,175 - 24,545 VND (buy - sell).

Vietcombank USD exchange rate today is listed at: 24,175 VND - 24,545 VND (buy - sell).

Vietcombank Euro exchange rate is currently at 25,357 VND - 26,775 VND (buy - sell).

The current Japanese Yen exchange rate is 160.86 VND - 170.31 VND (buy - sell).

The British Pound exchange rate is currently at 29,390 VND - 30,641 VND (buy - sell).

Today's Yuan exchange rate is at 3,271 VND - 3,411 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 105.13 points.

Foreign exchange rates today. Photo: CNBC

The US dollar remained steady on Wednesday, with the JPY/USD pair falling slightly ahead of the Federal Reserve’s highly anticipated interest rate decision later today.

The dollar, which measures the greenback against a basket of major currencies, was little changed at 105.13 as markets awaited the Fed's interest rate decision. The Federal Reserve is widely expected to keep interest rates unchanged at a range of 5.25% to 5.5%.

According to the CME FedWatch tool, derivatives markets are currently pricing in a 30% chance that the Fed will raise rates by another 0.25% in November. The probability is 40% in December.

“We expect the Federal Open Market Committee (FOMC) to raise rates by another quarter point later this year, although we still think that will not happen,” said Carol Kong, a currency strategist at the Commonwealth Bank of Australia.

The expert assessed that the Yen-USD exchange rate pair may face some upward pressure when the FOMC tends to be "hawkish".

The yen was last up nearly 0.1%. The JPY/USD pair was at 147.77, down from Tuesday’s low of 147.92. The Japanese currency had been hovering near a 10-month low ahead of the FOMC announcement.

There is growing speculation that the Bank of Japan will ease monetary policy sooner than expected. However, the BOJ is expected to keep interest rates at ultra-low levels at its meeting this weekend, reassuring markets that monetary stimulus is only needed for now as the risk of a recession persists.

Japan’s Vice Finance Minister Masato Kanda reiterated on Tuesday that the government is in close contact with U.S. and foreign policymakers. Japan is also closely monitoring market developments with a “high sense of urgency.”

The Australian dollar rose nearly 0.1% just minutes after the Reserve Bank of Australia signaled more interest rate hikes were on the way.

The NZD exchange rate increased by more than 0.2% to 0.5950 NZD/USD.

The Euro and Pound rates were virtually unchanged at 1.0680 EUR/USD and 1.2391 GBP/USD respectively.

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