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, fell slightly by 0.38% to 100.64 points.

In a volatile trading session, the US dollar fell as the market reacted to the US Federal Reserve 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 expects the Fed to cut rates by another 0.72% in 2024 and a total of 1.92% by September 2025.

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

The number of new claims 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 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, following the Bank of England's decision to keep interest rates unchanged. The pound rose 0.5% to $1.3278.

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 today in the country

The State Bank of Vietnam has 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 VND23,400/USD and increased by VND17 at the selling rate of VND25,325/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 being 24,950 VND/USD and the selling rate being 25,050 VND/USD, an increase of 8 VND compared to yesterday.

Vietcombank has 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.