USD aims at 110, EUR "pessimistic"

Foreign exchange rates, USD/VND exchange rate today, November 25, recorded that USD maintained a solid position, while the overall picture remained pessimistic for the common European currency.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 11/25/2024 06:56 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,046.60	16,208.68	16,728.64
CANADIAN DOLLAR	CAD	17,687.79	17,866.46	18,439.60
SWISS FRANC	CHF	27,837.96	28,119.15	29,021.19
YUAN RENMINBI	CNY	3,419.82	3,454.37	3,565.18
DANISH KRONE	DKK	-	3,476.18	3,609.29
EURO	EUR	25,732.54	25,992.46	27,143.43
Sterling Pound	GBP	31,022.76	31,336.12	32,341.35
HONGKONG DOLLAR	HKD	3,183.90	3,216.06	3,319.23
INDIAN RUPEE	INR	-	300.15	312.15
YEN	JPY	158.58	160.19	167.80
KOREAN WON	KRW	15.64	17.37	18.85
KUWAITIAN DINAR	KWD	-	82,362.07	85,654.62
MALAYSIAN RINGGIT	MYR	-	5,628.28	5,751.02
NORWEGIAN KRONER	NOK	-	2,235.02	2,329.91
RUSSIAN RUBLE	RUB	-	235.29	260.47
SAUDI RIAL	SAR	-	6,754.55	7,002.80
SWEDISH KRONA	SEK	-	2,238.05	2,333.07
SINGAPORE DOLLAR	SGD	18,377.68	18,563.31	19,158.80
THAILAND	THB	649.08	721.20	748.82
US DOLLAR	USD	25,170.00	25,200.00	25,509.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on November 25, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,295 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: 25,170 - 25,504 VND.

Vietinbank : 25,220 - 25,504 VND.

Foreign exchange rates, USD/VND exchange rate today, November 25, recorded that USD maintained a solid position. (Source: Getty Images)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 107.49.

The DXY index continued to rise for a third consecutive week. The index gained 0.75% last week and ended the week well above the key level of 107.

That helped the greenback maintain its strong position.

Investors will be closely watching U.S. Personal Consumption Expenditures (PCE) data due on November 27. If the PCE, the Federal Reserve's inflation gauge, shows a similar increase to the Consumer Price Index (CPI) inflation data released earlier this month, it could support higher U.S. Treasury yields.

That will contribute to promoting the DXY index to continue to increase in the coming time.

The DXY index's break above 106 last week and subsequent rise above the current 107 level is a positive signal for the DXY index.

This price action helps to keep the greenback's bullish momentum intact. The 106.50 - 105.50 zone will now act as strong support for the index. As long as it remains above this support zone, it is likely to reach the 110 target in the coming weeks.

The US 10-year Treasury yield is struggling to break above resistance at 4.5%. If yields remain below 4.5%, there is a good chance of a drop to 4.2% in the short term.

In addition, investors are also waiting for US President-elect Donald Trump to appoint a new Treasury Secretary.

The Wall Street Journal reported that Kevin Warsh, a former member of the Fed's board of governors, is likely to take the position and may even become Fed chairman.

On the other hand, the EUR/USD index continued to fall sharply. The currency fell to a low of 1.0335, before recovering slightly and closing the week at 1.0418.

If the coin holds above 1.04, a recovery to 1.0650 is possible in the near term.

However, the overall picture remains bearish for the euro.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-2511-usd-nham-moc-110-eur-bi-quan-294926.html