USD exchange rate today December 25, 2024: Continue to increase

USD exchange rate today in the world

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 0.14%, currently at 108.24.

The US dollar edged up slightly in the last trading session, as the slower-than-expected rate cut roadmap from the US Federal Reserve (Fed) compared to other global central banks continued to dominate market direction.

The greenback has gained more than 7% since late September, partly due to growing expectations that the US economy will see faster growth under the policies of President-elect Donald Trump.

Those expectations for the US contrast with the growth forecasts and interest rate views of other global economies and central banks, leading to widening interest rate differentials.

Last week, the Fed forecast a more measured path of rate cuts than the market had expected, adding further upside to U.S. Treasury yields, pushing the benchmark 10-year yield to a seven-month high of 4.629%.

“The markets are taking a breather from the Christmas holidays and the US presidential election and they are looking for positives,” said Joseph Trevisani, senior analyst at FX Street in New York.

The interest rate differential between central banks has contributed to the greenback's rally, amid expectations that the Fed will slow the pace of rate cuts next year.

The DXY index rose 0.14% to 108.24, while the euro fell 0.15% to $1.0389. The index is on track for its fifth gain in the past six trading sessions.

Trading volumes are likely to be light next week ahead of the 2025 New Year holiday, with little economic data due for release and analysts expecting interest rates to be the main driver for the forex market until the US jobs report on January 10.

The pound fell 0.06% to $1.2527.

Against the yen, the dollar rose 0.1% to 157.34. The Japanese currency remained near lows that recently prompted Japanese authorities to intervene to support the currency.

Minutes of the Bank of Japan's policy meeting last week showed policymakers agreed to continue raising interest rates if the economy develops in line with their forecasts, but some stressed the need for more caution.

Donald Trump's return to the White House, along with his expected policies on tariffs, tax cuts and immigration restrictions, has had a significant impact on the currency market in recent times.

USD exchange rate today in the country

At the time of survey at 5:00 a.m. on December 25, the central exchange rate at the State Bank was 24,308 VND/USD, down 7 VND from the previous trading session. The USD selling price at commercial banks remained unchanged at 25,523 VND/USD. The USD Index (DXY) was 108.14, up 0.07 points from yesterday.

Specifically, at Vietcombank, the listed USD exchange rate is 25,193 - 25,523 VND/USD, buying and selling, down 7 VND compared to the rate announced in the previous session.

At BIDV, the USD to VND exchange rate decreased by 2 VND for buying and 7 VND for selling compared to the previous session, currently at 25,228 - 25,523 VND/USD for buying and selling. Meanwhile, Techcombank listed at 25,176 - 25,460 VND/USD, the buying price decreased by 14 VND and the selling price decreased by 70 VND compared to the previous announcement.

At Eximbank, the USD exchange rate on Monday evening was listed at 23,788 - 25,530 VND/USD, unchanged from the previous session.

The USD/VND exchange rate on the free market at the end of today decreased by 107 VND for buying and 113 VND for selling, trading around 25,737 - 25,837 VND/USD.