USD maintains upward trend.

Foreign exchange rates, specifically the USD/VND exchange rate today, October 28th, reflect market expectations that the upward trend of the US dollar will continue for the next few weeks.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 28/10/2024 08:27 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,377.03	16,542.46	17,073.19
Canadian Dollar	CAD	17,855.01	18,035.36	18,613.99
SWISS FRANCE	CHF	28,538.34	28,826.60	29,751.44
YUAN RENMINBI	CNY	3,471.82	3,506.89	3,619.40
DANISH KRONE	DKK	But	3,614.03	3,752.43
EURO	CZ	26,766.87	27,037.25	28,234.58
POUND STERLING	GBP	32,076.74	32,400.75	33,440.25
HONG KONG DOLLAR	HKD	3,182.44	3,214.58	3,317.71
INDIAN RUPEE	INR	But	301.01	313.05
YEN	rush	161.12	162.75	170.49
Korean Won	KRW	15.80	17.55	May 19th
KUWAITI DINAR	KWD	But	82,623.78	85,927.11
MALAYSIAN RINGGIT	MYR	But	5,788.52	5,914.78
NORWEGIAN KRONER	NOK	But	2,272.06	2,368.53
RUSSIAN RUBLE	RUB	But	249.29	275.97
SAUDI RIAL	SAR	But	6,736.09	7,005.40
SWEDISH KRONA	SEK	But	2,350.89	2,450.71
SINGAPORE DOLLAR	SGD	18,744.31	18,933.64	19,541.09
THAILAND BAHT	THB	663.65	737.39	765.63
US DOLLAR	cau	25,167.00	25,197.00	25,467.00

Exchange rate movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:50 AM on October 28th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,255 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: 25,167 - 25,467 VND.

Vietinbank : 25,220 - 25,467 VND.

Foreign exchange rates, USD/VND exchange rate today, October 28: USD maintains its upward trend. (Source: Vietnamnet)

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 104.32.

The DXY index has risen for the fourth consecutive week and maintains an overall upward trend.

The index broke through the 104 resistance level and closed the week at 104.32, up 0.80%. The sharp rise in US Treasury yields is supporting the dollar's upward momentum.

Markets are becoming more cautious ahead of the US presidential election next month. This event is expected to further strengthen the dollar as a safe haven.

The upward trend remains strong, and the market expects the dollar's rise to continue for the next few weeks until the results of the US election are known.

The DXY index's upward momentum is strong and stable. Support is at 104. Below this, 103 is the next strong support level. Any decline below 104 will be limited to 103.

The DXY index could rise to 105 from here. If it surpasses 105, it could climb to 106 in the short term. Subsequent price action will need to be closely monitored. The index needs strong momentum to achieve a sustained upward trend above 106. Otherwise, the DXY could reverse downwards from there and fall back to 103, depending on the outcome of the US presidential election.

Therefore, the market currently expects the DXY index to rise to 106 in the next few weeks and then decline after the election.

The yield on 10-year US Treasury bonds rose above the 4.12% resistance level as expected. In fact, the yield closed the week above the key 4.2% mark, which is a very positive sign.

The outlook remains bullish. US Treasury yields have support in the 4.2-4.17% range, and they could rise to 4.4-4.45% in the coming weeks. Subsequent price action will need to be closely monitored. The market expects yields to reverse downwards from the 4.4-4.45% resistance zone.

Conversely, as expected, the EUR/USD index fell below the 1.08 support level last week. The currency touched a low of 1.0761 and has recovered slightly since then.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-2810-usd-vung-xu-huong-tang-291572.html