USD exchange rate today October 6, 2024: World USD increases to the highest level in the past 7 weeks
USD exchange rate today October 6, 2024: The world USD increased to the highest level in the past 7 weeks, and is on track to record the best trading week since September 2022.
World USD exchange rate
At the beginning of the week, the USD traded steadily at 100.16, not much changed from the end of last week.
On October 1, the dollar rose slightly by 0.39% to 100.49, reflecting Fed Chairman Jerome Powell's dovish stance on economic policy. On October 2, the dollar rose slightly to 101.
The dollar rose 0.45% to 101.39 on October 3, amid heightened geopolitical tensions in the Middle East. Investors continue to closely monitor the Fed's decisions and economic developments in the US. The ADP employment report showed that US private payrolls rose more than expected.
The US dollar continued to rise from October 4 to October 5, reaching a seven-week high and posting its best week since September 2022. The US dollar hit 101.71 on October 4 and rose to 102.24 on October 5.
Domestic USD exchange rate
The central exchange rate announced by the State Bank has slightly decreased, from 24,148 VND/USD to 24,133 VND/USD, in the period from September 30 to October 6, which is a decrease of 15 VND.
Commercial banks can trade USD in the range of 22,926 to 25,340 VND/USD, according to the +/-5% margin regulation.
Vietcombank currently lists USD prices from 24,550 to 24,940 VND/USD, an increase of 130 VND for buying and 180 VND for selling compared to the beginning of the week.
VietinBank also recorded an increase in price, with the buying price at 24,440 VND/USD and the selling price at 24,940 VND/USD, 160 VND higher than September 30.
Techcombank, a private joint stock bank, is currently buying/selling USD at 24,561 - 25,010 VND/USD.
Eximbank listed the USD/VND exchange rate at 24,550 - 24,980 VND/USD in this morning's trading session.
In the free market, the USD/VND exchange rate is currently 25,110 - 25,210 VND/USD, higher than that of banks. The USD buying price in the free market is 646 VND higher, while the selling price is 200 VND higher than the listed price of banks.
