Foreign exchange rates, USD/VND exchange rate today January 20: Negative EUR panorama

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: January 23, 2025 04:00 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	24,980	24,990	25,330
EUR	EUR	25,713	25,816	26,902
GBP	GBP	30,471	30,593	31,566
HKD	HKD	3,166	3,179	3,285
CHF	CHF	27,234	27,343	28,215
JPY	JPY	157.78	158.41	165.39
AUD	AUD	15,477	15,539	16,054
SGD	SGD	18,264	18,337	18,863
THB	THB	724	727	759
CAD	CAD	17,243	17,312	17,819
NZD	NZD		14,029	14,524
KRW	KRW		16.78	18.54

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on January 20, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,341 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,120 - 25,510 VND.

Vietinbank : 24,995 - 25,505 VND.

Foreign exchange rates, USD/VND exchange rate today, January 20: The overall picture of the negative EUR. (Source: CNBC)

Exchange rate developments in the world market

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 109.41.

The DXY index saw a bearish correction last week as expected.

The index initially hit a high of 110.76 before retreating. US Treasury yields fell sharply after the release of US inflation data, dragging the greenback lower.

Inflation figures paint a mixed picture of the US economy. The US consumer price index (CPI) rose 2.9% year-on-year in December, up from 2.73% in November.

Markets are now focused on the inauguration of US President-elect Donald Trump on January 20 (local time). Any new policies on tariffs or immigration could cause market volatility.

The strong recovery of the DXY index from the low of 108.6 has kept the long-term uptrend intact. The index is likely to rise to 111 in the near term.

But the price index around 111 will need to be watched closely. If the index fails to rise above 111, it could fall to 109 or even 108 in the short term.

But looking at the big picture, the DXY index is likely to break above 111 and rise to 114, followed by the 118-119 zone by the end of the year.

On the other hand, EUR/USD is struggling to break above 1.0350. The overall picture is negative.

If the EUR remains below 1.0350, it could continue to decline to 1.0170 and then 1.0100-1.0180 in the short term. The EUR is expected to reach parity with the USD in the near term.

Looking at the big picture, EUR/USD is set to test the 0.98 level in the coming months.