Market

USD exchange rate today 12/5/2024: USD remains stable

Quoc Duong December 5, 2024 10:05

USD exchange rate today December 5, 2024: The State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 2 VND, currently at 24,262 VND. The US Dollar Index (DXY) decreased by 0.02%, to 106.34.

USD exchange rate today in the world

The USD Index (DXY), a measure of the greenback's strength against other major currencies, was little changed, around 106.34 as of 7:15 a.m. (Vietnam time).

Compared to the previous session, the euro exchange rate against the USD increased by 0.04% to 1.0516. The pound exchange rate against the USD decreased by 0.01% to 1.2700. The USD exchange rate against the Japanese yen decreased by 0.16% to 150.38.

According to Investing, the USD is currently little changed as the possibility of a rate cut in December is still maintained amid signs that the US economy is slowing.

The DXY index was flat at 106.34 as yesterday's data failed to shake expectations of a rate cut later this month.

US private payrolls rose moderately in November, but still below expectations, while annual earnings for workers who did not change jobs rose slightly for the first time in 25 months.

The ADP report showed private payrolls increased by 146,000 jobs last month after a downwardly revised gain of 184,000 in October. Economists polled by Reuters forecast private payrolls increasing by 150,000 jobs after the previously reported gain of 233,000 jobs in October.

Meanwhile, service sector activity slowed in November after posting large gains in recent months. The Institute for Supply Management's non-manufacturing purchasing managers' index fell to 52.1 last month after surging to 56.0 in October, the highest since August 2022. Economists polled by Reuters had forecast the services PMI falling to 55.5.

Federal funds futures raised the probability of a 25 basis point (bps) cut this month to 78%, from 73% late Tuesday, while cutting the probability of a pause in easing to 22% from 27% the previous day, according to CME's FedWatch.

Vassili Serebriakov, FX strategist at UBS, said the likelihood of another Fed rate cut in December could put tactical pressure on the greenback as the market has long been buying dollars. Unless US data really deteriorates, any weakness in the dollar will be short-lived.

The dollar rose slightly after St. Louis Fed President Alberto Musalem said yesterday that he expects the Fed to continue cutting interest rates. Musalem will be a voter on the Federal Open Market Committee next year. Fed Chairman Jerome Powell later appeared to signal support for a slower pace of rate cuts in the future, noting that the economy is stronger than the central bank expected in September when it began easing.

Tỷ giá USD hôm nay 5/12/2024: Đồng USD giữ ở mức ổn định

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on December 5, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 2 VND, currently at 24,262 VND.

The reference exchange rate at the State Bank's transaction office remains unchanged, currently at 23,400 VND - 25,450 VND.

The selling price of USD at most commercial banks is listed at 25,452 VND/USD. Specifically, at Vietcombank, the USD exchange rate has not been updated, remaining at 25,119 - 25,452 VND/USD, buying and selling.

At BIDV, the USD to VND exchange rate closing on Monday, December 2, decreased by 2 VND for buying price and kept the selling price unchanged compared to the previous session's announcement, currently 25,150 - 25,452 VND/USD.

Meanwhile, Techcombank is currently 25,130 - 25,452 VND/USD, adding 44 VND to the buying price and keeping the selling price unchanged from the previous session.

At Eximbank, the USD exchange rate is still unchanged at 23,721-25,452 VND/USD.

ACB listed at 24,160 VND/USD - 25,452 VND/USD (buy - sell), plus 30 VND for buying and selling unchanged compared to the previous session.

Featured Nghe An Newspaper

Latest

x
USD exchange rate today 12/5/2024: USD remains stable
POWERED BYONECMS- A PRODUCT OFNEKO