USD exchange rate today October 1, 2024: World USD increases, domestic USD decreases
USD exchange rate today October 1, 2024: The central exchange rate of Vietnamese Dong to USD at the State Bank is announced at 24,093 VND - down 25 VND. In the US market, the USD Index (DXY) is currently at 100.76 points - up 0.38%.
USD exchange rate today in the world
The US Dollar Index (DXY), which measures the value of the US dollar against six other major currencies, edged up 0.38% to 100.76.
The US dollar has strengthened in recent trading, reacting to dovish comments from Fed Chairman Jerome Powell on the economic situation.
Powell praised recent revisions to economic data, saying they eased some of the Fed’s concerns. He also predicted two more rate cuts this year, totaling 50 basis points, if the economy continues to grow as expected.
He warned that it could take a few years for housing inflation to fall to the desired level, but insisted the US economy remained strong.
Steve Englander, head of research at Standard Chartered Bank, commented that Powell expressed a tough view on the US economy.
According to CME Group's FedWatch Tool, the odds of the Fed cutting rates by another 50 basis points in November are now 35%, down from 37% before Powell's speech and 53% at the end of last week.
The euro fell 0.34 percent to $1.1125. The greenback gained 1.17 percent to 143.85 yen.
Fed Chairman Powell's speech comes ahead of the release of key US economic data, including manufacturing and services sector reports.
Marc Chandler from Bannockburn Global Forex predicts the Fed could cut rates another 50 basis points if the jobs report is not positive.
Economists expect 140,000 new jobs to be added in September and the unemployment rate to hold steady at 4.2%.
German inflation fell to its lowest level since February 2021 in September.
Major brokerages such as Goldman Sachs and JPMorgan predict the European Central Bank will cut interest rates by 0.2 basis points on October 17.
The Australian and New Zealand dollars gained after China's central bank cut interest rates and pumped money into the banking system.
USD exchange rate in the country today
The State Bank announced the central VND/USD exchange rate for October 1 at 24,093 VND, down 25 VND compared to the previous rate.
The reference USD exchange rate at the State Bank of Vietnam is 23,400 - 25,247 VND/USD, unchanged in buying and down 26 VND in selling compared to the previous session.
In the free market, the USD exchange rate this morning in Hanoi was 25,036 - 25,136 VND/USD, down 15 VND for buying and 35 VND for selling compared to the previous session.
Vietcombank listed the USD exchange rate at 24,370 - 24,740 VND/USD, down 20 VND for buying and 40 VND for selling compared to the previous session.
BIDV listed the USD exchange rate at 24,430 - 24,740 VND/USD, down 30 VND in both directions compared to the previous session.
Vietinbank listed the USD exchange rate at 24,233 - 24,733 VND/USD, down 47 VND in both directions compared to the previous session.
Eximbank listed the USD exchange rate at 24,360 - 24,720 VND/USD, down 50 VND in both directions compared to the previous session.
