USD exchange rate today, December 24th: The US dollar rises to the 108 mark.

Meanwhile, in the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose 0.45%, currently standing at 108.07.

Today's USD exchange rate worldwide

The US dollar recovered while the euro fell in the last trading session, as monetary market movements are being determined by recent meetings of central banks globally, raising expectations of different interest rate cut paths next year.

The DXY index continued its upward trajectory from last week. The index had seen its largest daily drop in nearly a month late last week, following lower-than-expected inflation figures, which remained above the Federal Reserve's 2% target.

Last week, the Fed indicated that the pace of interest rate cuts would be more carefully considered than the market had anticipated, pushing both the US dollar and US Treasury yields higher. The DXY index is currently anchored near its highest level in two years, while the EUR fell 0.2% to $1.0408.

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

In addition, economic data from the U.S. Commerce Department showed that new orders for key U.S. manufactured capital goods surged in November, partly due to strong demand for machinery, another sign that the economy remains robust ahead of the new year.

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

Traders are pricing in a 33-basis-point rate cut next year, lower than the two 25-basis-point rate cuts the Fed projected last week. According to CME's FedWatch Tool, the market isn't betting heavily on the likelihood of a rate cut before the May policy meeting.

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

Trading volume is likely to be low this week as the holiday season approaches.

Against the Japanese yen, the US dollar rose 0.43%, reaching 157.08. The dollar's rise, coupled with the Bank of Japan keeping interest rates unchanged, has once again kept the yen near its lows, which previously prompted Japanese authorities to intervene to support the currency.

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

Today's domestic USD exchange rate

As of 5:00 AM on December 24th, the central exchange rate at the State Bank of Vietnam was 24,315 VND/USD, a decrease of 9 VND compared to the previous trading session. The selling price of USD at commercial banks remained unchanged at 25,530 VND/USD. The USD Index (DXY) was 108.07, an increase of 0.45 points compared to yesterday.

Specifically, at Vietcombank, the listed USD exchange rate is 25,200 - 25,530 VND/USD for buying and selling, remaining unchanged from the previous session.

At BIDV bank, the USD to VND exchange rate increased by 20 dong on the buying side and remained unchanged on the selling side compared to the previous session, currently at 25,230 - 25,530 dong/USD for buying and selling. Meanwhile, Techcombank listed the rate at 25,190 - 25,530 dong/USD, with the buying price decreasing by 5 dong and the selling price remaining unchanged compared to the previous announcement.

At Eximbank, the USD exchange rate on Monday evening was listed at 23,788 - 25,530 VND/USD, a decrease of 19 VND in the buying rate and unchanged in the selling rate compared to the previous session. Meanwhile, ACB lowered its buying rate by 20 VND compared to the previous session, with the selling rate remaining unchanged, listed 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 dong in the buying rate and 70 dong in the selling rate, trading around 25,844 - 25,950 dong/USD.