Foreign exchange rates, USD/VND exchange rate today, September 11, recorded an insignificant increase of the USD compared to some major currencies ahead of important inflation data.
Foreign exchange rate update table - Vietcombank USD exchange rate today
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:45 a.m. on September 11, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,194 VND, an increase of 17 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,335 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 24,460 VND - 24,830 VND.
Vietinbank: 24,320 VND - 24,840 VND.
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| Foreign exchange rates, USD/VND exchange rate today, September 11: USD increased insignificantly. (Source: CNN) |
Exchange rate developments in the world market
The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 101.66, up 0.11%.
The US dollar edged up slightly against a number of major currencies ahead of key inflation data.
Safe-haven currencies such as the yen and Swiss franc also rose amid sharp falls in bank stocks, after the US Federal Reserve's managing director outlined plans to increase capital requirements for major banks by 9%.
The market expects the Fed to cut interest rates next week for the first time in more than four years, but the size of the cut remains up for debate.
Fed funds futures have priced in a 67% chance of a 25 basis point cut at the September 17-18 policy meeting and a 33% chance of a 50 basis point cut.
Investors will still be looking ahead to the US Consumer Price Index (CPI) report for August, due on September 12. However, the Fed has indicated that it is focusing less on inflation and more on employment data, while expressing an optimistic view that US inflation is on the decline.
According to a Reuters poll, the US CPI in August is expected to increase 0.2% compared to July. However, compared to the same period last year, the index is expected to increase only 2.6%, down from 2.9% in July.
The dollar fell 0.5 percent against the Japanese yen to 142.35 yen, not far from a one-month low of 141.75 hit late last week.
Against the Japanese yen, the greenback fell 2.7% last week.
Analysts do not expect the Bank of Japan to raise interest rates or make a policy decision at its meeting next week.
Meanwhile, the euro fell 0.1% to $1.1024. Investors are keeping an eye on the political situation in the eurozone, as uncertainty grows across the region following Germany's regional elections.
The focus will be on the message from the European Central Bank (ECB) after its policy meeting. Traders are pricing in a total of 63 basis points of cuts this year.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-119-usd-tang-khong-dang-ke-trong-nuoc-di-len-285789.html
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