USD rises sharply, Pound trades near highs

Foreign exchange rates, USD/VND exchange rate today, October 2, recorded the USD being strengthened after Fed Chairman Jerome Powell refused to bet on a large interest rate cut.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 10/02/2024 09:58 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,568.52	16,735.88	17,273.64
CANADIAN DOLLAR	CAD	17,809.65	17,989.54	18,567.58
SWISS FRANC	CHF	28,369.98	28,656.55	29,577.33
YUAN RENMINBI	CNY	3,437.45	3,472.18	3,584.28
DANISH KRONE	DKK	-	3,589.06	3,726.69
EURO	EUR	26,571.07	26,839.47	28,029.38
Sterling Pound	GBP	31,903.53	32,225.79	33,261.26
HONGKONG DOLLAR	HKD	3,089.02	3,120.22	3,220.48
INDIAN RUPEE	INR	-	292.89	304.61
YEN	JPY	165.14	166.80	174.75
KOREAN WON	KRW	16.12	17.91	19.43
KUWAITIAN DINAR	KWD	-	80,395.67	83,613.88
MALAYSIAN RINGGIT	MYR	-	5,857.29	5,985.33
NORWEGIAN KRONER	NOK	-	2,280.48	2,377.42
RUSSIAN RUBLE	RUB	-	245.82	272.14
SAUDI RIAL	SAR	-	6,546.95	6,809.02
SWEDISH KRONA	SEK	-	2,352.18	2,452.16
SINGAPORE DOLLAR	SGD	18,653.90	18,842.33	19,447.76
THAILAND	THB	669.05	743.38	771.89
US DOLLAR	USD	24,430.00	24,460.00	24,800.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on October 2, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,081 VND, down 12 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,235 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 24,400 VND - 24,770 VND

Vietinbank : 24,275 VND - 24,775 VND

Foreign exchange rates, USD/VND exchange rate today, October 2: USD increases rapidly, British Pound trades near its highest level. (Source: Bloomberg)

Exchange rate developments in the world market

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.43% to 101.21.

The US dollar strengthened after US Federal Reserve Chairman Jerome Powell refused to bet on a major interest rate cut, which affected the foreign exchange market.

Meanwhile, the pound fell against the dollar as data showed manufacturing activity in the UK slowed in September. However, the currency still maintained trading levels near recent highs.

Specifically, the British Pound fell 0.4% to $1.33280.

This week, investors are turning their attention to the US jobs report, scheduled to be released on October 4, to assess the health of the world's No. 1 economy and the Fed's future policy decisions.

In the UK, the S&P Global UK Manufacturing Purchasing Managers' Index (PMI) fell to 51.5 in September, unchanged from the preliminary estimate.

British manufacturers remain concerned about the new government's first budget, while the Bank of England is expected to make just one 25 basis point interest rate cut between now and the end of the year.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-210-usd-tang-nhanh-bang-anh-giao-dich-gan-muc-cao-nhat-288401.html