USD exchange rate today, December 25, 2024: Continuing its upward trend.

Today's USD exchange rate worldwide

Meanwhile, 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), rose 0.14%, currently standing at 108.24.

The US dollar edged higher in the last trading session, as the Federal Reserve's slower-than-expected pace of interest rate cuts compared to other global central banks continued to dominate market direction.

The dollar has risen more than 7% since the end of September, partly due to growing expectations that the US economy will see faster growth under the policies of President-elect Donald Trump.

These expectations for the U.S. contrast with growth forecasts and interest rate views of other global economies and central banks, leading to a widening interest rate differential.

Last week, the Fed projected a more carefully considered path of interest rate cuts than the market had anticipated, providing further impetus for higher U.S. Treasury yields, pushing the benchmark 10-year Treasury yield to a seven-month high of 4.629%.

"Markets are taking a breather during the Christmas holidays and after the US presidential election, and they're expecting positive things," said Joseph Trevisani, senior analyst at FX Street in New York.

Interest rate differentials among central banks have contributed to the dollar's upward momentum, amid expectations that the Fed will slow the pace of interest rate cuts next year.

The DXY index rose 0.14% to 108.24, while the EUR fell 0.15% to $1.0389. The index is on track for its fifth gain in the past six trading sessions.

Trading volume is likely to be low next week ahead of the 2025 New Year holiday, with few economic data releases and analysts expecting interest rates to be the main driver for the forex market until the US jobs report is released on January 10th.

The British pound fell 0.06% to $1.2527.

Against the yen, the US dollar rose 0.1%, reaching 157.34. The Japanese currency remained near the lows that recently prompted the Japanese government to intervene to support it.

Minutes from last week's Bank of Japan policy meeting showed policymakers agreed to continue raising interest rates if the economy develops as projected, but some stressed the need for greater caution.

Donald Trump's return to the White House, along with his planned policies on tariffs, tax cuts, and immigration restrictions, has had a significant impact on currency markets recently.

Today's domestic USD exchange rate

As of 5:00 AM on December 25th, the central exchange rate at the State Bank of Vietnam was 24,308 VND/USD, a decrease of 7 VND compared to the previous trading session. The selling price of USD at commercial banks remained unchanged at 25,523 VND/USD. The USD Index (DXY) was 108.14, an increase of 0.07 points compared to yesterday.

Specifically, at Vietcombank, the listed USD exchange rate is 25,193 - 25,523 VND/USD for buying and selling, a decrease of 7 VND compared to the rate announced in the previous session.

At BIDV bank, the USD to VND exchange rate decreased by 2 dong in the buying rate and 7 dong in the selling rate compared to the previous session, currently at 25,228 - 25,523 VND/USD for buying and selling respectively. Meanwhile, Techcombank listed the rate at 25,176 - 25,460 VND/USD, with the buying rate falling by 14 dong and the selling rate decreasing by 70 dong compared to the previous announcement.

At Eximbank, the USD exchange rate on Monday evening was listed at 23,788 - 25,530 VND/USD, unchanged for both buying and selling prices compared to the previous session.

The USD/VND exchange rate on the free market at the end of today decreased by 107 dong in the buying rate and 113 dong in the selling rate, trading around 25,737 - 25,837 dong/USD.

Quoc Duan