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USD exchange rate today September 18, 2024: USD increases in value

Hung CuongDNUM_BIZAJZCACE 08:32

USD exchange rate today (September 18): Early morning of September 18, 2024, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 4 VND, currently at 24,141 VND.

USD exchange rate today in the world

The US Dollar Index (DXY), which measures the greenback's performance against six major currencies, edged up 0.25% to 101.01.

The US dollar strengthened against most major currencies in recent trading, thanks to better-than-expected retail sales data, supporting the US Federal Reserve's more cautious stance on cutting interest rates for the first time in more than four years at its policy meeting today.

According to the latest data released by the US Department of Commerce on September 17, the country's retail sales unexpectedly increased by 0.1% in August, showing that the US economy remained stable in the third quarter of the year.

The US financial regulator, the Fed, will announce its decision on new interest rates after its meeting on September 18 and 19.

Fed Chairman Jerome Powell will hold a press conference after the meeting to announce the decision. The last time the Fed cut rates was in March 2020, at the start of the Covid-19 pandemic.

All markets are now focused on the Fed meeting, according to Marvin Loh, strategist at State Street.

The US dollar rose against the Japanese yen and Swiss franc, but fell against the euro. Futures showed the market was pricing in a 63% chance of the Fed cutting interest rates by 50 basis points, up from 30% last week.

New economic data showed that US businesses reported a 0.3% increase in inventories in July, which could influence the Fed's decision. Axel Merk, of Merk Investments, said the market is expecting more rate cuts in the near future.

The Bank of Japan left interest rates unchanged at its September 20 meeting but could raise them later. The Bank of England kept rates at 5% at its September 19 meeting, despite market expectations of a cut.

The British pound gained 3.41% against the US dollar, helped by a recovering UK economy and stable inflation. The pound fell 0.37% to $1.31665 after the last trading session.

Sức mạnh của đồng USD - nỗi ám ảnh không của riêng ai | baotintuc.vn

USD exchange rate today in the country

The State Bank announced the central VND/USD exchange rate for September 18 at 24,141 VND, a slight increase of 4 VND compared to the previous day.

The reference USD exchange rate at the State Bank of Vietnam is stable at 23,400 VND for buying and 5 VND higher at 25,298 VND/USD for selling.

On the free market, the USD exchange rate in Hanoi at 6:38 this morning recorded a significant increase, with the buying price being 24,813 VND and the selling price being 24,899 VND/USD.

Vietcombank has increased its USD buying and selling prices, with the current rate being 24,400 - 24,770 VND/USD, up 50 VND compared to the previous day.

BIDV also listed the USD buying and selling exchange rate up 50 VND, reaching 24,430 - 24,770 VND/USD.

Vietinbank announced the strongest increase, with the USD buying and selling rate at 24,300 - 24,800 VND/USD, an increase of 80 VND.

Eximbank updated the USD buying and selling rate to 24,420 - 24,780 VND/USD, an increase of 60 VND compared to the previous session.

According to www.qdnd.vn
https://www.qdnd.vn/kinh-te/tin-tuc/ty-gia-usd-hom-nay-18-9-dong-usd-tang-gia-794849
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USD exchange rate today September 18, 2024: USD increases in value
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