USD gains momentum, EUR weakens.

Foreign exchange rates, the USD/VND exchange rate today, October 3rd, shows that the US dollar is benefiting from safe-haven demand due to concerns about escalating tensions in the Middle East.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 03/10/2024 06:57 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,567.58	16,734.93	17,272.63
Canadian Dollar	CAD	17,818.83	17,998.82	18,577.13
SWISS FRANCE	CHF	28,406.47	28,693.40	29,615.33
YUAN RENMINBI	CNY	3,440.25	3,475.00	3,587.19
DANISH KRONE	DKK	But	3,593.53	3,731.32
EURO	CZ	26,607.08	26,875.84	28,067.32
POUND STERLING	GBP	31,936.66	32,259.25	33,295.75
HONG KONG DOLLAR	HKD	3,093.84	3,125.09	3,225.50
INDIAN RUPEE	INR	But	292.76	304.48
YEN	rush	165.78	167.46	175.47
Korean Won	KRW	16.17	17.96	19.49
KUWAITI DINAR	KWD	But	80,461.01	83,681.72
MALAYSIAN RINGGIT	MYR	But	5,859.24	5,987.31
NORWEGIAN KRONER	NOK	But	2,289.28	2,386.59
RUSSIAN RUBLE	RUB	But	248.62	275.23
SAUDI RIAL	SAR	But	6,549.65	6,811.82
SWEDISH KRONA	SEK	But	2,356.20	2,456.36
SINGAPORE DOLLAR	SGD	18,654.57	18,843.00	19,448.43
THAILAND BAHT	THB	664.89	738.76	767.09
US DOLLAR	cau	24,450.00	24,480.00	24,820.00

Exchange rate movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:00 AM on October 3rd, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,094 VND, an increase of 13 VND.

The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,400 VND - 25,248 VND.

The USD exchange rates at commercial banks for buying and selling are as follows:

Vietcombank: 24,450 VND - 24,820 VND

Vietinbank : 24,320 VND - 24,820 VND

Foreign exchange rates, USD/VND exchange rate today, October 3rd: USD gains momentum, EUR weakens. (Source: New York Post)

Exchange rate movements in the global market.

Meanwhile, in the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose 0.41%, reaching 101.60.

The US dollar reached a three-week high against the euro after the ADP national jobs report showed US private payrolls rose more than expected in September. In particular, the greenback is benefiting from safe-haven demand driven by concerns about escalating tensions in the Middle East.

The ADP national employment report, released on October 2nd, showed that private sector payrolls increased by 143,000 jobs in September, following a gain of 103,000 in August. Economists in a Reuters poll had forecast an increase of 120,000 jobs.

In another Reuters poll, economists also predicted that the September non-farm payrolls report would show employers added 140,000 jobs during the month, while the unemployment rate remained stable at 4.2%.

Improved economic data and more hawkish comments from Federal Reserve Chairman Jerome Powell earlier in the week boosted the dollar and led traders to reduce their bets that the central bank would cut interest rates by another 50 basis points at its policy meeting next month.

Traders are now pricing in a 35% probability that the Fed will cut interest rates by 50 basis points at its November 6 and 7 meeting, down from 57% a week earlier, according to CME Group's FedWatch tool.

Richmond Fed President Thomas Barkin stated that last month's 50-basis-point rate cut is not a sign that the fight against inflation is over.

Conversely, the euro fell 0.27% to $1.1037, its lowest level since the same day. The euro weakened amid growing expectations that the European Central Bank (ECB) will cut interest rates later this month as inflation cools.

ECB Governing Board member Isabel Schnabel said that eurozone inflation is increasingly likely to fall back to the ECB's 2% target, while also warning of difficulties in curbing price increases.

The yen also fell after Prime Minister Shigeru Ishiba denied plans for further interest rate hikes. The US dollar rose 1.94%, reaching 146.34 yen.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-310-usd-duoc-tiep-suc-eur-suy-yeu-288469.html