DNVN - On November 11, 2024, the central exchange rate of Vietnamese Dong to USD is currently listed by the State Bank at 24,278 VND. The USD Index (DXY) is currently maintained at 105.
USD exchange rate developments in the international market
The Dollar Index (DXY), which tracks the USD's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), reached 105, up 0.05 points from the trading session on November 10, 2024.
At the beginning of the week on November 5, the USD fell 0.39% to 103.89 points as investors awaited the results of the US presidential election and the Federal Reserve's policy meeting, which is expected to significantly affect the global economy .
On November 6, the USD continued to fall 0.46% to 103.42 as US voters went to the polls. The election results are expected to have a strong impact on the future of the USD. During the trading session, the DXY index fell to 103.37, its lowest level since October 16.
By November 7, the DXY index had jumped 1.72% to 105.15 – its highest level in four months after Republican candidate Donald Trump declared victory in the US presidential election. Mr. Trump’s proposed immigration, tariff and trade policies are expected to boost US economic growth.
The dollar fell 0.76% to 104.33 on November 8 as Fed Chairman Jerome Powell gave no indication of a pause in interest rate cuts, following the decision to cut rates by 25 basis points at the recent meeting. Fed officials are focusing on the labor market, with inflation approaching the US central bank's 2% target.
The dollar rose 0.44% to 104.95 at the end of the trading week as investors considered the potential impact of the US presidential election on the economy. Traders now see a 65% chance of the Fed cutting rates by another 25 basis points in December, up from 83% last week, according to CME Group's FedWatch tool.
Domestic USD exchange rate
On November 11, 2024, the USD closed the trading week with a gain of 0.44%, reaching 104.95 as investors assessed the impact of the US presidential election on the economy.
At the opening session today, the State Bank of Vietnam maintained the central exchange rate of the Vietnamese Dong against the USD at 24,278 VND, unchanged from the previous day.
Currently, the USD trading range at commercial banks is allowed to fluctuate from 23,400 to 25,450 VND/USD. The exchange rate at the State Bank of Vietnam is also within the range of 23,400 to 25,450 VND/USD.
Vietcombank listed the buying and selling prices of USD at 25,100 - 25,470 VND, unchanged from the previous session. The USD price at commercial banks fluctuated between 24,000 - 25,500 VND/USD.
The EUR exchange rate at the State Bank's transaction office is currently buying - selling at 24,887 VND - 27,507 VND, recording a slight increase.
The Japanese yen exchange rate at the State Bank of Vietnam is currently at 151 VND - 166 VND, a slight increase compared to before.
Viet Anh (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-11-11-2024-usd-tiep-tuc-tang/20241111085759876
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