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 0.73%, currently at 98.43.
USD exchange rate today in the world
The US dollar rose against major currencies on Monday, after falling sharply last week following comments from US Federal Reserve Chairman Jerome Powell that raised expectations of an interest rate cut next month.
The euro fell 0.69% to $1.1634, after hitting a four-week high of $1.1742 last Friday.
Major financial institutions including Barclays, BNP Paribas and Deutsche Bank all expect the Fed to cut interest rates by 25 basis points in September, after Mr. Powell stressed on Friday that risks to the US labor market were increasing, although he also noted that inflation remained a threat.
“While Powell and his fellow Fed members are likely to still favor a rate cut next month, the combination of this week’s core PCE report, next week’s non- farm payrolls (NFP) and August CPI data could delay the Fed’s decision if they all point to rising inflationary pressures and a weakening job outlook,” said Matt Weller, director of global market research at StoneX.
“In other words, FX traders are realizing that a September rate cut is not a certainty. Many investors are hedging against the possibility that the Fed may leave rates unchanged for another month, which has fueled a modest but fairly even recovery in the dollar,” Matt Weller added.
According to the CME FedWatch tool, the market is pricing in an 84.3% chance of a rate cut of at least 25 basis points at the September meeting, down slightly from 84.7% the previous session but much higher than 61.9% a month ago.
The US dollar has weakened more than 9% against a basket of six major currencies so far this year. The euro has been the strongest performer in the basket, up more than 12%.
Samy Chaar, chief economist at Lombard Odier bank, predicts the EUR could continue to strengthen to the $1.20-$1.22 range in the next 6 to 12 months.
Domestic USD exchange rate today
In the domestic market, at the beginning of the trading session on August 26, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,291 VND.
* The reference USD exchange rate at the State Bank's buying and selling exchange center has decreased, currently at: 24,077 VND - 26,550 VND.
USD exchange rates at commercial banks are as follows:
USD exchange rate | Buy | Sell |
Vietcombank | 26,090 VND | 26,480 VND |
Vietinbank | 25,965 VND | 26,505 VND |
BIDV | 26,120 VND | 26,480 VND |
* The current EUR exchange rate at the State Bank's exchange office is: 28,106 VND - 31,065 VND.
EUR exchange rates at commercial banks are as follows:
EUR exchange rate | Buy | Sell |
Vietcombank | 29,968 VND | 31,548 VND |
Vietinbank | 29,927 VND | 31,637 VND |
BIDV | 30,322 VND | 31,566 VND |
* The buying and selling rates of Japanese Yen at the State Bank of Vietnam remain unchanged, currently at: 163 VND - 180 VND.
The buying and selling rates of Japanese Yen at commercial banks are as follows:
Japanese Yen Exchange Rate | Buy | Sell |
Vietcombank | 172.17 VND | 183.10 VND |
Vietinbank | 174.46 VND | 184.16 VND |
BIDV | 175.19 VND | 182.88 VND |
Source: https://baolangson.vn/ty-gia-usd-hom-nay-26-8-dong-usd-phuc-hoi-5057053.html
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