USD targets 110, EUR "pessimistic"

Foreign exchange rates, specifically the USD/VND exchange rate today, November 25th, show that the USD maintains a strong position, while the overall picture remains pessimistic for the euro.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 25/11/2024 06:56 - Time of source website update
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 FRANCE	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	But	3,476.18	3,609.29
EURO	CZ	25,732.54	25,992.46	27,143.43
POUND STERLING	GBP	31,022.76	31,336.12	32,341.35
HONG KONG DOLLAR	HKD	3,183.90	3,216.06	3,319.23
INDIAN RUPEE	INR	But	300.15	312.15
YEN	rush	158.58	160.19	167.80
Korean Won	KRW	15.64	17.37	18.85
KUWAITI DINAR	KWD	But	82,362.07	85,654.62
MALAYSIAN RINGGIT	MYR	But	5,628.28	5,751.02
NORWEGIAN KRONER	NOK	But	2,235.02	2,329.91
RUSSIAN RUBLE	RUB	But	235.29	260.47
SAUDI RIAL	SAR	But	6,754.55	7,002.80
SWEDISH KRONA	SEK	But	2,238.05	2,333.07
SINGAPORE DOLLAR	SGD	18,377.68	18,563.31	19,158.80
THAILAND BAHT	THB	649.08	721.20	748.82
US DOLLAR	cau	25,170.00	25,200.00	25,509.00

Exchange rate movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:00 AM on November 25th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,295 VND.

The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,400 VND - 25,450 VND.

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

Vietcombank: 25,170 - 25,504 VND.

Vietinbank : 25,220 - 25,504 VND.

Foreign exchange rates, specifically the USD/VND exchange rate today, November 25th, show that the USD maintains a strong position. (Source: Getty Images)

Exchange rate movements in the global market.

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), is at 107.49.

The DXY index continued its upward trend for the third consecutive week. It rose 0.75% last week and closed the week well above the key level of 107.

That helps the US dollar maintain its strong position.

US Personal Consumption Expenditures (PCE) data, to be released on November 27th, will be closely watched by investors. If PCE – the Federal Reserve's measure of inflation – shows a similar increase to the Consumer Price Index (CPI) data released earlier this month, it could support higher US Treasury yields.

This will contribute to a continued increase in the DXY index in the coming period.

The fact that the DXY index surpassed the 106 mark last week and then rose above the current 107 level is a positive sign for the DXY index.

This price action is contributing to maintaining the upward momentum of the US dollar. The 106.50 - 105.50 region will now act as strong support for the index. As long as it remains above this support zone, it has the potential to reach the 110 target in the coming weeks.

The yield on 10-year US Treasury bonds is struggling to break through resistance at 4.5%. If yields remain below 4.5%, a drop to 4.2% is likely in the short term.

Additionally, investors are also awaiting the appointment of a new Treasury Secretary by US President-elect Donald Trump.

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

Conversely, the EUR/USD index continued its sharp decline. The currency fell to a low of 1.0335 before recovering slightly and closing the week at 1.0418.

If this currency holds above 1.04, a recovery to 1.0650 is possible in the near future.

However, the overall picture remains pessimistic 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