USD exchange rate today August 24, 2024: Domestic USD slightly increased

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) decreased by 0.83% to 100.68.

USD exchange rate today in the world

The USD Index on the international market was 100.68, down 0.82% at 6:42 a.m. on August 24, Vietnam time.

Fed Chairman Jerome Powell spoke at the Jackson Hole conference, mentioning the possibility of future rate cuts, but did not provide specifics on the timing or extent of the reduction.

Powell stressed that interest rate adjustments will be based on economic data, the outlook and risk considerations.

With inflation moving toward the Fed's 2% target, Powell reviewed the causes of inflation and the rate hikes that have been taken.

Markets are speculating that policymakers could start cutting interest rates in September, although there has been no official word from Powell on a specific timing.

CME Group's FedWatch tool shows the market is pricing in a 67.5% chance of a 25 basis point rate cut, while the probability of a 50 basis point cut is 32.5%.

USD exchange rate today in the country

On the morning of August 24, 2024, the State Bank announced the central exchange rate of VND/USD at 24,250 VND, an increase of 5 VND compared to the previous exchange rate.

Reference USD exchange rate at the State Bank of Vietnam: 23,400 - 25,450 VND/USD (buy - sell), unchanged from the previous session.

In the free market, the USD exchange rate decreased this morning. In Hanoi at 6:30 a.m., it was trading at 25,203 - 25,283 VND/USD, down 12 VND for buying and down 37 VND for selling compared to the previous session.

At Vietcombank: The listed USD exchange rate is 24,780 - 25,150 VND/USD, an increase of 30 VND for both buying and selling compared to the previous session.

At BIDV bank: USD exchange rate listed at 24,843 - 25,183 VND/USD, up 58 VND for both buying and selling compared to the previous session.

At Vietinbank: USD exchange rate listed at 24,680 - 25,130 VND/USD, unchanged from the previous session.

At Eximbank: The listed USD exchange rate is 24,790 - 25,150 VND/USD, an increase of 30 VND for both buying and selling compared to the previous session.