USD rises above 106, EUR, Japanese Yen fall

Foreign exchange rates, USD/VND exchange rate today December 3 recorded USD increasing again while EUR turned to decrease.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: December 3, 2024 11:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,180	25,193	25,473
EUR	EUR	26,079	26,184	27,282
GBP	GBP	31,474	31,600	32,562
HKD	HKD	3,194	3,207	3,311
CHF	CHF	28,039	28,152	29,009
JPY	JPY	165.35	166.01	173.37
AUD	AUD	16,111	16,176	16,670
SGD	SGD	18,510	18,584	19,102
THB	THB	716	719	749
CAD	CAD	17,725	17,796	18,307
NZD	NZD		14,665	15,157
KRW	KRW		17.35	19.05

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on December 3, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,240 VND, down 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 : 25,130 - 25,463 VND.

Vietinbank : 25,160 - 25,463 VND.

Foreign exchange rates, USD/VND exchange rate today, December 3: USD increased to over 106, EUR, Japanese Yen decreased. (Source: CNBC)

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 106.39, up 0.65%.

The USD rose again while the EUR turned down in the first trading session of the week.

Strong US manufacturing data from the Institute for Supply Management and S&P Global reports supported the greenback's gains.

However, despite the generally upbeat data, Federal Reserve Governor Christopher Waller said on December 2 that he still favored a moderate interest rate cut at the December 17-18 meeting.

The dollar's rise against a basket of currencies in recent trading came after the US currency's first weekly decline since November 2023.

New data released once again showed that the US economy is recovering, with US manufacturing activity improving in November, and orders rising for the first time in eight months.

Accordingly, the Institute for Supply Management's manufacturing PMI index increased from 46.5 in October to 48.4 in November, the lowest level since July 2023.

Meanwhile, the S&P Global Manufacturing PMI also rose to 49.7, from an initial estimate of 48.8.

“With the solid economic situation in the US, the strong USD is understandable in the context of economies facing more obstacles,” emphasized Juan Perez, director of trading at Monex USA in Washington, USA.

The greenback had earlier gained ground when President-elect Donald Trump on November 30 asked BRICS member countries to commit not to create a new currency or support another currency to replace the USD, otherwise Washington would impose 100% tariffs on countries that make such moves.

Key to the outlook for interest rates will be the November payrolls report due later this week. The unemployment rate is expected to rise to 4.2% from 4.1%.

In contrast, the euro fell 1% to $1.0469, now on track for its biggest one-day drop since early November.

The dollar fell 0.2% against the yen to 149.37, after falling 3.3% last week, marking its biggest drop since July.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-312-usd-tang-vuot-moc-106-eur-yen-nhat-giam-295932.html