USD exchange rate today December 24: USD increased to 108

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.45%, currently at 108.07.

USD exchange rate today in the world

The US dollar recovered while the euro fell in the last trading session, as currency moves in the market were being decided by recent meetings of central banks across the globe, setting expectations for different paths of interest rate cuts next year.

The DXY index continued its upward trajectory last week, having suffered its biggest one-day drop in nearly a month late last week after inflation came in lower than expected but still above the Federal Reserve’s 2% target.

Last week, the Fed signaled a more measured pace of rate cuts than markets had expected, sending both the dollar and Treasury yields sharply higher. The DXY index is now hovering near a two-year high, while the euro is down 0.2% at $1.0408.

Also supporting investor sentiment was the Senate's passage of a bill previously approved by the House to fund federal agencies through mid-March 2025, which averted a government shutdown after weeks of tense last-minute negotiations.

Separately, economic data from the US Commerce Department showed new orders for key US manufactured capital goods jumped in November, partly due to strong demand for machinery, another sign that the economy remains solid heading into the new year.

However, the consumer confidence index fell to 104.7 this month, from an upwardly revised 112.8 in November, as concerns about future business conditions emerged.

Traders are pricing in a 33 basis point rate cut next year, down from the two 25 basis point rate cuts the Fed projected last week. Markets are not betting much on a rate cut before the May policy meeting, according to the CME FedWatch Tool.

European Central Bank President Christine Lagarde said the euro zone is getting closer to the ECB's medium-term inflation target, according to an interview published in the Financial Times on December 23.

Trading volumes are likely to be light this week as the holiday season approaches.

The dollar rose 0.43 percent to 157.08 against the Japanese yen. The dollar's rise, coupled with the Bank of Japan keeping interest rates unchanged, has kept the yen near lows that have previously prompted Japanese authorities to intervene to support the currency.

The pound fell 0.33% to $1.2528. The Bank of England kept interest rates unchanged at its meeting last week.

USD exchange rate today in the country

At the time of survey at 5:00 a.m. on December 24, the central exchange rate at the State Bank was 24,315 VND/USD, down 9 VND from the previous trading session. The USD selling price at commercial banks remained unchanged at 25,530 VND/USD. The USD Index (DXY) was 108.07, up 0.45 points from yesterday.

Specifically, at Vietcombank, the listed USD exchange rate is 25,200 - 25,530 VND/USD, buying and selling, remaining the same as announced in the previous session.

At BIDV, the USD to VND exchange rate increased by 20 VND in the buying direction and the selling price remained unchanged compared to the previous session, currently at 25,230 - 25,530 VND/USD for buying and selling. Meanwhile, Techcombank listed at 25,190 - 25,530 VND/USD, the buying price decreased by 5 VND and the selling price remained unchanged compared to the previous announcement.

At Eximbank, the USD exchange rate on Monday evening was listed at 23,788 - 25,530 VND/USD, down 19 VND for buying and unchanged for selling compared to the previous session. Meanwhile, ACB lowered the buying price by 20 VND compared to the previous session and unchanged for selling, the listed exchange rate was at 24,220 VND/USD - 25,530 VND/USD (buying - selling).

The USD/VND exchange rate on the free market at the end of today increased by 64 VND for buying and increased by 70 VND for selling, trading around 25,844 - 25,950 VND/USD.