How much is 1 USD in VND today?
The central exchange rate is listed by the State Bank at 23,985 VND/USD.
Today's black market USD exchange rate is at 24,140 - 24,510 VND (buy - sell).
Vietcombank USD exchange rate today is listed at 24,140 VND - 24,510 VND (buy - sell).
Vietcombank Euro exchange rate is currently at 25,352 VND - 26,743 VND (buy - sell).
The current Japanese Yen exchange rate is 157.14 VND - 166.34 VND (buy - sell).
The current exchange rate of British Pound is 29,129 VND - 30,370 VND (buy - sell).
Today's Yuan exchange rate is at 3,278 VND - 3,418 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 105.57 points.
The US dollar continued to rise slightly after a series of speakers from the US Federal Reserve left open the possibility of further interest rate hikes. The market is waiting for the statement of FED Chairman Jerome Powell on the future policy roadmap.
The greenback fell last week after the Fed decided to keep interest rates unchanged and the US labor market cooled. The next question is when the Federal Reserve will decide to cut interest rates.
According to the CME FedWatch tool, there is currently a 15% chance of another rate hike in January 2024; a 22% chance of a rate cut in March.
The pound hit a seven-week high of $1.2286.
The Japanese yen slipped again to 150.56 yen per dollar.
The USD Index rose 0.03% to 105.57 and is on track for a weekly gain.
“We saw a slight recovery in the US dollar, but it was not unexpected given the sharp sell-off. The Fed speakers were trying to steer market expectations away from rate cuts,” said Matt Simpson, market analyst at City Index.
A host of Fed policymakers continue to maintain a dovish stance and are looking at strong economic data with few signs of a slowdown.
Market focus now turns to Fed Chairman Jerome Powell's speech.
“The dollar could strengthen further if Powell and his colleagues continue to remind markets of the ‘higher for longer’ narrative,” Mr Simpson added.
The euro fell 0.07% to 1.0691 EUR/USD, weighed down by a gloomy growth outlook in the EU. German industrial production fell more than expected in September.
“The outlook for consumer spending and investment puts the eurozone very close to recession,” said Wells Fargo economist Nick Bennenbroek. “Regardless of whether the region falls into recession or not, the European Central Bank’s policy has been effective in slowing economic growth.”
The Australian dollar struggled at $0.6425 after falling 0.8% in the previous session - its biggest daily drop in about a month.
The Reserve Bank of Australia (RBA) has raised interest rates to a 12-year high, ending four months of steady policy. However, the agency still eased its tightening bias.
Westpac chief economist Luci Ellis said: “We do not expect the RBA to deliver another rate hike in December. The RBA board, while reluctant to raise rates further, may be forced to do so if the situation does not change.”
The New Zealand dollar also fell 0.12 percent to $0.5928.
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