USD exchange rate today November 27, 2024: USD slightly increased

USD exchange rate today in the world

In the recent trading session in the US market, the US Dollar Index (DXY), which measures the fluctuations of the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), increased slightly by 0.08% to 106.90.

The US dollar has risen against other currencies after US President-elect Donald Trump pledged to impose new tariffs on goods imported from Canada, Mexico and China. The tariffs are said to be aimed at tackling illegal immigration and drug trafficking from Mexico and Canada.

Meanwhile, the US Federal Reserve (Fed) released the minutes of its latest meeting. The minutes showed that Fed officials had different views on the need for future rate cuts. However, they all agreed that now is not the right time to make specific decisions.

In addition, during the election campaign, Mr. Trump also announced that he would impose a 60% import tax on goods from China. However, according to Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, investors do not seem to react 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 a Fed rate cut are weighing on financial markets.

Earlier, Mr. Trump also announced his choice of billionaire Scott Bessent as Secretary of the Treasury in his cabinet. Mr. Bessent is a supporter of tax reform and reduced regulations, especially to promote bank lending and energy production.

In addition, Mr. Trump also announced the selection of Congresswoman Lori Chavez-DeRemer from Oregon as Secretary of Labor. He praised Ms. 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 the US 10-year bond rose 3 basis points from 4.263% to 4.293%, while the yield on the 30-year bond increased 1.8 basis points to 4.4647%. The yield on the 2-year bond, which often moves according to interest rate expectations, was unchanged at 4.252%.

The CAD fell 0.56% to $1.41.

USD exchange rate in the country today

The central exchange rate listed by the State Bank is 24,295 VND/USD, up 3 VND 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's Transaction Office, the current reference buying and selling rates are 23,400 VND - 25,450 VND.

At commercial banks, such as Vietcombank, the USD price is listed at 25,170 - 25,509 VND/USD, up 3 VND each way compared to yesterday. At VietinBank, the USD buying - selling rate is at 25,200 - 25,509 VND/USD.

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

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

In the trading session on November 26, the State Bank continued to intervene in the open market. Specifically, the State Bank offered VND20,000 billion for a 7-day term and an interest rate of 4%/year. As a result, the entire VND20,000 billion was won.

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

According to the latest data from the State Bank, the overnight interest rate in the trading session on November 25 was 5.47%, an increase of 1.41% compared to the previous session. Other terms recorded as follows: 1-week term was 5.53%; 2-week term was 5.48%; and 1-month term was 4.94%.