USD exchange rate today September 10, 2024: Mixed fluctuations
USD exchange rate today September 10, 2024: The State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 25 VND, currently at 24,177 VND. The US Dollar Index (DXY) increased by 0.43%, reaching 101.61
USD exchange rate today in the world
The USD Index, which measures the greenback's value against six other major currencies, was at 101.65, up 0.2% from the previous day.
The US dollar rose in recent trading ahead of key inflation data. Recent labor market data has been mixed, shifting attention to upcoming inflation data, including the Consumer Price Index (CPI).
August CPI data is expected to show annual inflation of 2.6%, down from 2.9% the previous month. Core inflation, which excludes price-sensitive items, is expected to hold steady at 3.2%.
PPI data, another measure of inflation, will be released with inflation forecast at 1.7%, down from 2.2% last month.
Expectations for a Federal Reserve rate cut have fallen, with the expected cut rate now down to 20-25%. The market still expects the Fed to cut rates by 100-125 basis points by the end of the year.
According to the CME FedWatch tool, there is a 73% chance the Fed will cut rates by 25 basis points, and a 27% chance of cutting by 50 basis points. Reuters reports that the market is more inclined to believe the Fed will opt for a smaller rate cut of 25 basis points.
USD exchange rate in the country today
The State Bank of Vietnam announced the central VND/USD exchange rate for September 10 at 24,177 VND, down 25 VND compared to the previous rate.
The reference USD exchange rate at the State Bank of Vietnam is stable, with the buying rate at 23,400 VND and the selling rate at 25,450 VND.
In the free market, the USD exchange rate in Hanoi at 6:40 this morning was 25,186 - 25,266 VND (buy - sell), an increase of 36 VND compared to the previous session.
Vietcombank increased the buying and selling prices of USD to 24,470 - 24,840 VND, 70 VND higher than September 9.
BIDV also increased the USD buying and selling prices, listed at 24,515 - 24,855 VND, an increase of 70 VND.
Vietinbank increased USD buying and selling prices to 24,350 - 24,850 VND, up 80 VND compared to the previous session.
Eximbank listed the USD buying and selling prices at 24,500 - 24,860 VND, an increase of 80 VND compared to the previous trading session.
