USD exchange rate today September 4, 2024: Stable domestically, strong increase internationally
USD exchange rate today September 4, 2024: The State Bank announced the central exchange rate of Vietnamese Dong to USD remains at 24,224 VND.
USD exchange rate in the country today
In the Vietnamese market, the central exchange rate between the Vietnamese Dong and the USD remained unchanged at 24,224 VND/USD.
The State Bank of Vietnam kept the buying rate at 23,400 VND and the selling rate at 25,385 VND.
Vietcombank listed the USD buying and selling rates unchanged from the previous session, at 24,660 - 25,030 VND/USD.
BIDV also kept the USD buying and selling rates unchanged, at 24,692 - 25,032 VND/USD.
Vietinbank listed the USD buying and selling rates unchanged, at 24,520 - 25,020 VND/USD.
Eximbank listed the USD buying and selling rates unchanged, at 24,670 - 25,030 VND/USD.
In the free market, the USD exchange rate increased compared to the previous session, trading at 25,303 - 25,352 VND/USD in Hanoi, up 11 VND for buying and 31 VND for selling.
USD exchange rate today in the world
The US Dollar Index (DXY), which measures the US dollar's performance against six other major currencies, edged up 0.12% to 101.77.
Investors are awaiting US wage data, after Federal Reserve Chairman Jerome Powell signaled the possibility of cutting interest rates to support the labor market.
Economists expect 165,000 new jobs to be created in the US in August, up from 114,000 in July. The latest employment data and the report on unemployment benefits will be released and will be the focus of the market.
The market is estimating a 63% chance the Fed will cut rates by 25 basis points and a 37% chance of a 50 basis point cut at its meeting on September 17-18.
The US dollar is also seen as a safe haven, attracting investment when stock markets and other currencies are volatile.
Upcoming economic data will determine whether the dollar will continue to fall after its decline in August.
A bad jobs report could lead to a decline in the dollar, according to analyst Fawad Razaqzada from StoneX.
The DXY index fell 2.2% in August, but has started to recover slightly in recent trading.
