USD exchange rate today September 20, 2024: World slightly decreased, domestic slightly increased.

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 down 0.38% to 100.64.

In a volatile trading session, the US dollar fell as the market reacted to the US Federal Reserve (Fed) cutting interest rates by 0.5% and easing monetary policy.

Before the Fed announced its decision to cut interest rates on August 18, investors expected a 65% chance that the Fed would cut interest rates by 0.5%, while economists predicted a reduction of only 0.25%.

Joseph Trevisani, an analyst at FXStreet in New York, commented that the 0.5% rate cut did not hurt the value of the dollar much.

The DXY index has fallen to a more than one-year low of 100.21. The market predicts the Fed will continue to cut interest rates by 0.72% in 2024 and a total of 1.92% by September 2025.

The US Treasury yield curve, a key indicator showing the difference between short-term and long-term bond yields, widened to its highest level since June 2022, reflecting optimism about the economic situation.

The number of people filing for unemployment benefits in the US fell by 12,000 last week, according to data from the Labor Department, suggesting the job market is improving.

The US Federal Reserve (Fed) is expected to cut interest rates by another 50 basis points later this year, 100 basis points next year and 50 basis points in 2026.

The euro rose 0.4 percent to $1.1163, while the dollar also gained 0.33 percent against the Japanese yen to 142.73 yen, as markets expected the Bank of Japan to leave interest rates unchanged.

The US dollar edged down against the Swiss franc and the Chinese yuan, to 0.847 franc and 7.070 yuan.

The pound rose against the US dollar, hitting its highest level since March 2022, after the Bank of England decided to keep interest rates unchanged. The pound rose 0.5% to 1.3278 US dollars.

The Australian and New Zealand dollars were supported by positive economic data from their home countries. In particular, Australian employment figures beat expectations, sending the Australian dollar up 0.77% to $0.6815.

USD exchange rate in the country today

The State Bank of Vietnam announced the central exchange rate between the Vietnamese Dong (VND) and the US Dollar (USD) for September 20 at 24,167 VND/USD, an increase of 16 VND compared to the previous rate.

The reference USD exchange rate at the State Bank of Vietnam was stable at the buying rate of 23,400 VND/USD and increased by 17 VND at the selling rate of 25,325 VND/USD compared to the previous session.

In the free market, the USD exchange rate in Hanoi at 6:26 this morning increased, with the buying rate at 24,950 VND/USD and the selling rate at 25,050 VND/USD, an increase of 8 VND compared to yesterday.

Vietcombank reduced the USD buying and selling prices to 24,380 - 24,750 VND/USD, down 60 VND for both trading directions compared to the previous session.

BIDV also reduced the USD buying and selling rates to 24,435 - 24,775 VND/USD, down 35 VND for both trading directions compared to the previous session.

Vietinbank listed the USD buying and selling rates at 24,250 - 24,750 VND/USD, down 20 VND for both trading directions compared to the previous session.

Eximbank listed the USD buying and selling rates at 24,430 - 24,780 VND/USD, down 20 VND for both trading directions compared to the previous session.