Foreign exchange rates, specifically the USD/VND exchange rate today, February 17th, show the USD pegged below 107, presenting a rather negative short-term outlook.
Foreign exchange rate update table - Agribank USD exchange rate today
| 1. Agribank - Updated: 17/02/2025 08:00 - Time of source website update | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| cau | cau | 25,250 | 25,260 | 25,600 |
| CZ | CZ | 26,069 | 26,174 | 27,269 |
| GBP | GBP | 31,334 | 31,460 | 32,447 |
| HKD | HKD | 3,200 | 3,213 | 3,320 |
| CHF | CHF | 27,629 | 27,740 | 28,623 |
| rush | rush | 162.85 | 163.50 | 170.64 |
| AUD | AUD | 15,748 | 15,811 | 16,332 |
| SGD | SGD | 18,594 | 18,669 | 19,204 |
| THB | THB | 736 | 739 | 771 |
| CAD | CAD | 17,596 | 17,667 | 18,184 |
| NZD | NZD | 14,207 | 14,706 | |
| KRW | KRW | 16.85 | 18.61 | |
Exchange rate movements in the domestic market
On the domestic market, according to TG&VN 's report at 8:00 AM on February 17th, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar increased by 22 dong, currently standing at 24,562 dong.
The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,384 VND - 25,740 VND.
The USD exchange rates at commercial banks for buying and selling are as follows:
Vietcombank : 25,190 - 25,580 VND.
Vietinbank : 25,065 - 25,645 VND.
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| Foreign exchange rates, USD/VND exchange rate today, February 17th: USD faces a negative outlook. (Source: Vietnamplus) |
Exchange rate movements in the global market.
The US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), is at 106.79.
The DXY index experienced a sharp decline last week.
President Donald Trump's delay in imposing new tariffs and increased optimism about peace talks between Russia and Ukraine have overshadowed the impact of high inflation on the dollar last week.
Federal Reserve Chairman Jerome Powell said that the outlook on interest rates reflects a stable US economy, with low unemployment and inflation remaining above the Fed's 2% target, emphasizing that the central bank will not rush to cut short-term interest rates.
Meanwhile, traders are betting that the Fed could cut interest rates twice this year.
The US Consumer Price Index (CPI) rose 3% in January, up from 2.87 percent in December 2004. Meanwhile, core CPI increased 3.29 percent in January, up from 3.21 percent the previous month.
The short-term outlook is quite negative for the DXY index. Resistance levels for this index are 107.30 and then 107.80-108. The DXY index could fall to 106 and even 105.
Over the past week, the EUR/USD exchange rate has risen well within its range. Optimism about a peace agreement between Russia and Ukraine in the near future has fueled the appreciation of the common European currency. The currency has fluctuated between 1.02 and 1.0550 for the past few weeks.
This index needs to break above 1.0550 and then rise above 1.0650 to turn the short-term outlook optimistic. Only then will a rise to 1.08 emerge.
Conversely, failure to break above the 1.0550 level could cause the EUR/USD exchange rate to fall back to the 1.04-1.02 range. In that case, this trading range would likely persist for some time.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-172-usd-doi-mat-voi-buc-tranh-tieu-cuc-304533.html
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