How much is 1 USD in VND today?
The central exchange rate is listed by the State Bank at 24,020 VND/USD.
Today's black market USD exchange rate is at 24,170 - 24,540 VND (buy - sell).
Vietcombank USD exchange rate today is listed at 24,170 VND - 24,540 VND (buy - sell).
Vietcombank Euro exchange rate is currently at 25,353 VND - 26,776 VND (buy - sell).
The current Japanese Yen exchange rate is 156.06 VND - 165.20 VND (buy - sell).
The current British Pound exchange rate is 29,056 VND - 30,293 VND (buy - sell).
Today's Yuan exchange rate is at 3,270 VND - 3,410 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 105.64 points.
The US dollar was flat amid expectations for a slight decline in the US consumer price index (CPI) as the market saw the Federal Reserve possibly ending its interest rate hike cycle.
Meanwhile, the Yen exchange rate rose to 151.92 JPY/USD, the highest level since October 2022, then fell to 151.20 points a few minutes later.
The yen's strong recovery against the dollar is not due to intervention by the Bank of Japan, said Marc Chandler, market expert at Bannockburn Global Forex.
Markets have been on alert for possible intervention from Tokyo to shore up the yen, but speculation is fading. Earlier in Japan, Finance Minister Shunichi Suzuki said the government would continue to monitor currency markets and respond appropriately.
The yen has fallen nearly 14% against the dollar this year.
Joseph Trevisani, a forex analyst at FXStreet.com, said: Fed Chairman Jerome Powell and his colleagues want the market to be cautious about the high interest rate environment so that the Federal Reserve does not have to tighten policy further.
“That’s why their words speak louder than their actions right now. Rates will fall and bond prices will rise if the credit markets really think the Fed is done raising rates. That will drive the dollar lower because the Fed is almost done raising rates,” he said.
The USD Index fell 0.09% to 105.64.
Paresh Upadhyaya, a currency expert at Amundi US, predicted: The reaction to the lower CPI number is likely to be small because US retail sales (scheduled for release on Wednesday) will be more important and will better demonstrate the strength of the world's number one economy .
“All signs point to continued consumer spending momentum,” the expert said. “If that momentum continues, the market will start pricing in a December rate hike.”
Regarding the US downgrade of credit outlook, the market has had almost no reaction.
The euro rose 0.15% to 1.0697 EUR/USD. The pound also strengthened 0.44% to 1.2279 GBP/USD after a reshuffle of key positions in the UK government by Chancellor Rishi Sunak.
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