USD exchange rate today, November 27, 2024: The US dollar rose slightly.

Today's USD exchange rate worldwide

In recent trading sessions in the US market, the US Dollar Index (DXY), which measures the fluctuations of the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose slightly by 0.08%, reaching 106.90.

The US dollar appreciated against several other currencies after US President-elect Donald Trump pledged to impose new tariffs on goods imported from Canada, Mexico, and China. This tariff policy is believed to be aimed at addressing issues related to illegal immigration and drug trafficking from Mexico and Canada.

At the same time, the US Federal Reserve (Fed) released the minutes of its latest meeting. These minutes showed that Fed officials had differing views on the extent to which future interest rate cuts were necessary. However, they all agreed that now was not the right time to make specific decisions.

Furthermore, during his campaign, Trump also announced he would impose a 60% import tariff on goods from China. However, according to Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, investors do not seem to be reacting strongly to these changes in tariff policy.

U.S. Treasury yields rose in the last trading session, shortly after President-elect Trump announced new tariffs. Matt Eagan, portfolio manager at Loomis, Sayles & Co., said concerns about tariffs and the possibility of Fed interest rate cuts are putting pressure on financial markets.

Earlier, Trump also announced his selection of billionaire Scott Bessent as Treasury Secretary in his cabinet. Bessent is a supporter of tax reforms and deregulation, particularly to boost bank lending and energy production.

Additionally, President Trump announced his selection of Representative Lori Chavez-DeRemer from Oregon as Secretary of Labor. He praised Chavez-DeRemer for her tireless efforts in supporting businesses and workers, contributing to the development of the American workforce.

In the bond market, the yield on 10-year US Treasury bonds rose 3 basis points, from 4.263% to 4.293%, while the yield on 30-year Treasury bonds increased 1.8 basis points to 4.4647%. The yield on 2-year Treasury bonds, which typically fluctuates with interest rate expectations, remained unchanged at 4.252%.

The Canadian dollar fell 0.56%, to 1.41.

Today's domestic USD exchange rate

The central exchange rate, as listed by the State Bank of Vietnam, is 24,295 VND/USD, an increase of 3 dong compared to the previous trading session.

According to the exchange rate range that commercial banks are allowed to trade (from 23,080 – 25,509 VND/USD), the ceiling and floor exchange rates have a fluctuation range of +/- 5%.

At the State Bank of Vietnam's exchange floor, the reference buying and selling rates are currently at 23,400 VND - 25,450 VND.

Meanwhile, at commercial banks such as Vietcombank, the listed USD exchange rate is 25,170 - 25,509 VND/USD, an increase of 3 dong in each direction compared to yesterday. At VietinBank, the buying and selling rates for USD are 25,200 - 25,509 VND/USD.

Some private joint-stock commercial banks, such as Techcombank, also listed the USD buying/selling rates at 25,155 - 25,509 VND/USD respectively.

On the free market, the USD/VND exchange rate this morning was recorded at 25,730 - 25,840 VND, a decrease of 10 dong compared to the previous session. Therefore, the buying price of USD on the free market is 575 dong higher than the bank rate. The difference between the selling price of USD at commercial banks and the free market is at least 331 dong.

In the trading session on November 26th, the State Bank of Vietnam continued to intervene in the open market. Specifically, the State Bank of Vietnam offered 20,000 billion VND with a 7-day maturity and an interest rate of 4% per annum. As a result, the entire 20,000 billion VND was successfully bid on.

In addition, the State Bank of Vietnam also issued 28-day treasury bills with an interest rate of 4%. All 300 billion VND worth of treasury bills were successfully auctioned.

According to the latest data from the State Bank of Vietnam, the overnight interest rate on November 25th was 5.47%, an increase of 1.41% compared to the previous session. Other maturities recorded the following rates: 1-week maturity at 5.53%; 2-week maturity at 5.48%; and 1-month maturity at 4.94%.