USD falls before US election "G hour", domestic price increases slightly

Foreign exchange rates, USD/VND exchange rate today, November 5, recorded a decrease in the USD, as investors waited for the results of the US presidential election and the policy meeting of the US Federal Reserve (Fed).

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 11/05/2024 09:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,236.18	16,400.18	16,926.40
CANADIAN DOLLAR	CAD	17,748.02	17,927.29	18,502.51
SWISS FRANC	CHF	28,554.56	28,842.99	29,768.44
YUAN RENMINBI	CNY	3,475.86	3,510.97	3,623.62
DANISH KRONE	DKK	-	3,623.68	3,762.46
EURO	EUR	26,825.10	27,096.06	28,296.09
Sterling Pound	GBP	31,946.86	32,269.56	33,304.96
HONGKONG DOLLAR	HKD	3,174.32	3,206.38	3,309.26
INDIAN RUPEE	INR	-	300.15	312.15
YEN	JPY	160.33	161.95	169.66
KOREAN WON	KRW	15.88	17.65	19.15
KUWAITIAN DINAR	KWD	-	82,514.71	85,813.95
MALAYSIAN RINGGIT	MYR	-	5,729.53	5,854.52
NORWEGIAN KRONER	NOK	-	2,254.84	2,350.59
RUSSIAN RUBLE	RUB	-	244.99	271.21
SAUDI RIAL	SAR	-	6,726.56	6,995.52
SWEDISH KRONA	SEK	-	2,312.55	2,410.74
SINGAPORE DOLLAR	SGD	18,693.17	18,881.98	19,487.83
THAILAND	THB	662.15	735.72	763.90
US DOLLAR	USD	25,090.00	25,120.00	25,460.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:50 a.m. on November 5, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,253 VND, an increase of 11 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: 25,095 - 25,465 VND.

Vietinbank : 25,138 - 25,465 VND.

Foreign exchange rates, USD/VND exchange rate today, November 5: USD falls before the 'G hour' of the US election, domestic prices increase slightly. (Source: Reuters)

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 103.89, down 0.39%.

The US dollar fell as investors awaited the outcome of the US presidential election and the US Federal Reserve's policy meeting this week, which are expected to have far-reaching implications for the global economy.

In contrast, the EUR rose 0.7% to $1.0906, while the USD fell nearly 1% against the yen to $151.645.

The DXY index hit 103.58 at one point, a two-week low against other currencies.

US Treasury yields also fell 8 basis points.

Democratic candidate Kamala Harris and Republican Donald Trump remain roughly tied in the polls, and it remains impossible to predict who will win until the vote closes.

This week, the market is also awaiting the outcome of the Fed's policy meeting on November 7. The Fed is expected to cut the benchmark interest rate by 25 basis points, instead of repeating the 50 basis point easing at the September meeting.

Traders are betting on a 98% chance the Fed will cut by 0.25 basis points, taking rates to a range of 4.50%-4.75%, and a nearly 80% chance of a similar move at its December policy meeting, according to CME's FedWatch tool.

On the morning of November 4, British bonds stabilized and the pound recovered some losses, closing the trading session at $1.29820.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-511-usd-rot-gia-truoc-gio-g-bau-cu-my-trong-nuoc-tang-nhe-292541.html