USD down, Japanese Yen stronger

Foreign exchange rates, USD/VND exchange rate today, January 16, recorded the USD weakening after the latest US inflation data was released.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: January 16, 2025 07:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,200	25,210	25,550
EUR	EUR	25,623	25,726	26,814
GBP	GBP	30,378	30,500	31,474
HKD	HKD	3,194	3,207	3,314
CHF	CHF	27,283	27,393	28,260
JPY	JPY	156.99	157.62	164.48
AUD	AUD	15,379	15,441	15,956
SGD	SGD	18,234	18,307	18,828
THB	THB	712	715	746
CAD	CAD	17,362	17,432	17,940
NZD	NZD		13,966	14,461
KRW	KRW		16.63	18.34

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on January 16, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,338 VND, down 8 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 : 25,164 - 25,554 VND.

Vietinbank : 25,194 - 25,554 VND

Foreign exchange rates, USD/VND exchange rate today, January 16: USD down, Japanese Yen stronger. (Source: Rankred)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.18% to 109.09.

The dollar weakened after the new data released, helping to ease market concerns that inflation is accelerating.

The data raises the possibility that the US Federal Reserve (Fed) may cut interest rates twice this year.

Consumer prices rose 2.9% in the 12 months through December 2024, in line with economists' expectations, the US Bureau of Labor Statistics said, triggering a decline in the dollar.

The DXY index fell 0.18% to 109.09. The index hit a 26-month high of 110.17 earlier in the week.

With President-elect Donald Trump returning to the White House next week, analysts expect some of his policies to boost growth as well as increase price pressures, especially tariffs.

Meanwhile, the USD fell 0.93% against the Japanese Yen, to 156.49 Yen.

The Yen strengthened in the last trading session after comments from Bank of Japan Governor Kazuo Ueda that the central bank will raise interest rates and adjust monetary support if the economy and price situation continue to improve.

Meanwhile, a drop in UK inflation helped the pound consolidate its gains. The pound ended the session up 0.1% at $1.2229, while the euro fell 0.15% to $1.0299.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-161-usd-di-xuong-yen-nhat-da-manh-len-301025.html