USD exchange rate today October 2, 2024: USD increases sharply

USD exchange rate today in the world

The US Dollar Index (DXY), which measures the strength of the US dollar against six other major currencies, rose 0.43% to 101.21. The dollar strengthened after Fed Chairman Jerome Powell refused to cut interest rates significantly.

The strengthening dollar has affected currency markets, reducing the value of sterling against the dollar, reflecting a slowdown in UK manufacturing in September.

Despite the decline, the pound remained near recent highs, down 0.4% to $1.33280.

The pound had its strongest quarter in two years last quarter, hitting its highest level against the dollar in more than two years.

Investors are waiting for the US jobs report, scheduled to be released on October 4, to assess the US economic situation and the Fed's next policy direction.

In the UK, the manufacturing Purchasing Managers' Index remained unchanged in September at 51.5.

British manufacturers are worried about the government's new budget and the Bank of England's possible one-time interest rate cut between now and the end of the year.

Markets are awaiting the budget on October 30 under the leadership of the new finance minister, Rachel Reeves. There are concerns that the budget could have a negative impact on the UK economy.

The pound is stable against the euro, but the European Central Bank could ease monetary policy, putting pressure on the euro.

UK inflation could prompt the Bank of England to ease monetary policy more slowly than expected. It is expected to cut interest rates by 25 basis points next month, but no further cuts until the end of the year.

USD exchange rate today in the country

- The State Bank announced the central VND/USD exchange rate for October 2 at 24,081 VND, down slightly by 12 VND compared to the previous session.

- The reference USD exchange rate at the State Bank of Vietnam is listed from 23,400 to 25,236 VND/USD for buying and selling, unchanged for buying and down 11 VND for selling compared to the previous session.

- In the free market, the USD exchange rate fell sharply this morning, with transactions in Hanoi at 6:13 a.m. at 24,902 - 25,002 VND/USD, down 34 VND for both buying and selling compared to the previous session.

- Vietcombank has increased the buying and selling prices of USD, with the current exchange rate being 24,400 - 24,770 VND/USD, an increase of 30 VND for both directions compared to the previous session.

- BIDV listed the USD buying and selling rates at 24,415 - 24,755 VND/USD, down 15 VND for buying and up 15 VND for selling compared to the previous session.

- Vietinbank listed the USD buying and selling rates at 24,275 - 24,775 VND/USD, an increase of 42 VND for both directions compared to the previous session.

- Eximbank listed the USD buying and selling rates at 24,400 - 24,760 VND/USD, a sharp increase of 40 VND for both directions compared to the previous session.