USD exchange rate today December 4, 2024: Domestic price slightly increased

USD exchange rate today in the world

In the recent trading session, the US Dollar Index (DXY), which measures the USD's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), decreased by 0.07% to 106.37. The USD did not fluctuate much in the context of US central banks expressing confidence that inflation is approaching the 2% target and the possibility of cutting interest rates in the future.

San Francisco Federal Reserve Bank President Mary Daly told Fox Business Network that the Fed will continue to adjust policy at its next meetings, whether it be in December or any time after that. She stressed that these decisions will be discussed at the Fed meetings.

Meanwhile, Chicago Fed President Austan Goolsbee did not reveal his views on the US central bank's meeting on the 17th and 18th of this month. However, he predicted that interest rates will fall significantly next year, although meetings will continue because economic conditions may change.

Fed officials are cautious about publicly announcing plans for near-term rate cuts, especially after President-elect Donald Trump's victory last month. Trump's promises on tariffs and immigration policies could change the economic outlook in the near term. But Daly, Goolsbee and Fed Governor Adriana Kugler all said the Fed cannot make immediate decisions on policies that have not yet been implemented. They are closely monitoring incoming data to make rate decisions.

There are several important reports in the next two weeks, including the monthly jobs report later this week and the November consumer inflation report next week. Fed Governor Christopher Waller has said he is leaning toward a rate cut this month. Fed Chairman Jerome Powell will also speak ahead of the December policy meeting.

Against this backdrop, the pound rose against the dollar in the last trading session, following dovish comments from Fed Governor Christopher Waller. The pound closed up 0.16% at $1.2678, although it has fallen 3.33% against the dollar over the past three months. The euro also rose slightly against the dollar, while political unrest in France continues.

The dollar, however, gained in early trading as data showed steady U.S. job growth in October, while layoffs fell. Although Fed officials did not provide any new guidance on the direction of interest rates at their December meeting, the dollar still made a slight correction. The dollar fell against the Japanese yen to 149.55 yen, while the euro held steady against the Japanese yen at 157.12 yen. Traders now believe Japan is likely to raise interest rates this month.

USD exchange rate in the country today

The central exchange rate listed by the State Bank in this morning's trading session was 24,260 VND/USD, an increase of 20 VND compared to the session at the end of last week.

The exchange rate band that commercial banks are allowed to trade fluctuates from 23,046 to 25,473 VND/USD, with the ceiling and floor exchange rates as prescribed being +/- 5%.

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

At commercial banks, the USD price listed at Vietcombank is currently 25,140 VND/USD (buy) and 25,473 VND/USD (sell), up 19 VND and 21 VND respectively compared to the previous session. Meanwhile, at VietinBank, the USD buying and selling rates are recorded at 25,075 VND/USD and 25,473 VND/USD.

At Techcombank, the USD buying price is 25,145 VND/USD and the selling price is 25,473 VND/USD.

In the free market, the USD/VND exchange rate this morning fluctuated at 25,610 VND/USD (buy) and 25,720 VND/USD (sell), unchanged from the previous session.

Therefore, the buying price of USD in the free market is currently 535 VND higher than the buying price at commercial banks, while the difference in selling price between banks and the free market is at least 247 VND.

In the trading session on December 3, the State Bank continued to intervene in the open market. Specifically, the State Bank offered VND10,000 billion with a term of 7 days and an interest rate of 4%/year. The entire amount was won.

In addition, the State Bank issued two types of treasury bills with terms of 14 days and 28 days. Both types of treasury bills won 100% of the bids, with the 14-day treasury bill reaching VND1,300 billion and an interest rate of 3.95%, and the 28-day treasury bill reaching VND3,500 billion and an interest rate of 4%.

According to the latest data from the State Bank, the overnight interest rate on December 1 was 4.17%, up 1.06% from the previous session. Other terms recorded interest rates as follows: 4.41% for the 1-week term, 4.55% for the 2-week term, and 4.44% for the 1-month term.