USD exchange rate today October 30, 2024: USD stable

USD exchange rate today in the world

In the US market, the US Dollar Index (DXY) measuring the value of the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased 0.05% to 104.27.

The dollar hit a three-month high against the yen in recent trading, but was little changed against other major currencies as traders await developments ahead of next week's US election and some key economic data.

In Japan, the ruling coalition of the Liberal Democratic Party (LDP) and the Komeito Party lost its majority in the recent general election, winning only 215 out of 465 seats in the House of Representatives, much lower than the target of 233 seats and 288 seats in the previous term. This result caused political turmoil and affected the yen.

The dollar rose 0.12 percent to 153.47 yen. The Bank of Japan is expected to keep interest rates unchanged when it announces its policy decision tomorrow (October 31).

Key data this week includes the US core personal consumption expenditures price index for September, the Federal Reserve's key inflation gauge, due out tomorrow, along with jobs reports.

The dollar is now on track for its biggest monthly gain against major currencies in more than two years, and is holding near three-month highs. Recent data shows the US labor market is cooling, with job creation falling to its lowest level in more than three years in September.

In contrast, US consumer confidence rose to an all-time high in October thanks to improvements in the labor market.

This situation shows that the recovery of the US economy, along with the market's bets on the possibility of Republican candidate Donald Trump winning the upcoming election, has supported the USD and increased Treasury bond yields.

The DXY index has increased 3.6% since the beginning of October, marking the best growth month since April 2022.

Meanwhile, the pound edged up 0.26% to 1.3006. Chancellor of the Exchequer Rachel Reeves and Prime Minister Keir Starmer have stressed the need for tough fiscal measures to narrow the UK's budget deficit.

The euro was little changed at $1.0815 and down 0.27% against the pound. The Chinese yuan also fell to its lowest level against the dollar since mid-August.

Domestic USD exchange rate today

The State Bank's central exchange rate was listed at 24,252 VND/USD, unchanged from the previous session.

According to regulations, commercial banks can trade within the exchange rate range from 23,039 to 25,464 VND/USD, with a margin of +/-5%.

The reference exchange rate at the State Bank's Exchange for buying is 23,400 VND/USD and selling is 25,450 VND/USD.

At commercial banks, Vietcombank is listing the USD price at 25,134 VND/USD (buy) and 25,464 VND/USD (sell), down 30 VND in the buying price and unchanged in the selling price compared to the previous session.

At the same time, VietinBank recorded a buying price of 25,126 VND/USD and a selling price of 25,464 VND/USD.

At some private joint stock commercial banks, Techcombank listed the USD price at 25,051 VND/USD (buy) and 25,467 VND/USD (sell).

Eximbank recorded the USD/VND exchange rate this morning at 25,090 VND/USD (buy) and 25,464 VND/USD (sell).

In the free market, the USD/VND exchange rate this morning was 25,710 VND/USD (buy) and 25,820 VND/USD (sell), up 110 and 120 VND respectively compared to the previous session.

Thus, the buying price of USD in the free market is 659 VND higher than that of commercial banks. Meanwhile, the selling price at commercial banks is only about 356 VND higher than the free market.