The USD cooled down, nonetheless anchored above 106

USD alternate fee nowadays (November 16, 2024): Within the early morning of November 16, 2024, the State Financial institution introduced the central alternate fee of Vietnam Dong to USD larger through 8 VND, lately at 24,298 VND.

In the meantime, in the United States marketplace, the United States Greenback Index (DXY) measuring fluctuations within the dollar with 6 main currencies (EUR, JPY, GBP, CAD, SEK, CHF) diminished through 0.18%, down degree 106.67.

USD alternate fee nowadays on this planet

The USD retreated within the ultimate buying and selling consultation, however nonetheless completed its largest weekly achieve in additional than a month, after the marketplace reassessed expectancies for long term rate of interest cuts through the Reserve. The USA Federal Reserve (Fed) believes that President-elect Donald Trump’s new insurance policies may motive inflation.

DXY Index volatility chart during the last 24 hours. Picture: Marketwatch

The buck has benefited from marketplace expectancies that Donald Trump management insurance policies, together with price lists and tax cuts, may spur inflation, forcing the Fed to restrict the tempo of rate of interest cuts within the coming months. long term.

Fed Chairman Jerome Powell mentioned on November 14 that the United States Central Financial institution does now not want to urgently minimize rates of interest. This boosts buyers’ expectancies that the Fed will prohibit rate of interest cuts subsequent month and one day.

The dollar posted weekly features towards the Eastern yen after attaining above 156 yen this week for the primary time since July. The Eastern yen closed down 1.4% at 154.145 yen/ USD.

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To the contrary, the EUR is heading for the second one consecutive week of decline after falling to its lowest degree since October 2023. This forex closed the ultimate buying and selling consultation up at 1.054025 USD.

US Trade Division information launched on November 15 confirmed US retail gross sales rose somewhat greater than anticipated in October, however shopper spending gave the impression to sluggish at first of the fourth quarter.

In feedback revealed on November 15 within the Wall Boulevard Magazine, Boston Fed President Susan Collins additionally mentioned rate of interest cuts may well be paused as quickly because the December 17 and 18 conferences, relying at the state of affairs. on upcoming information on jobs and inflation. The likelihood of a fee minimize in December has fallen to about 61%, from just about 82% an afternoon in the past, in keeping with CME’s FedWatch software.

In the meantime, the British pound is on target for its sharpest weekly decline since January 2023, at about 2.4%. The British pound closed the ultimate buying and selling consultation down 0.38% to one.2620 USD. The pound reacted little to information appearing the British economic system abruptly gotten smaller in September and enlargement slowed within the 3rd quarter.

The DXY index hit a one-year prime towards the ones currencies at 107.07, posting a 1.60% achieve this week, in addition to its best possible efficiency since September. Then again , the USD closed the consultation down 0.19%, right down to 106.67.

USD alternate fee nowadays, November 16, 2024: USD cools down, nonetheless anchored above 106. Picture: Reuters

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USD alternate fee nowadays within the nation

At the home marketplace, originally of the buying and selling consultation on November 16, the State Financial institution introduced that the central alternate fee of Vietnamese Dong to USD larger through 8 VND, lately at 24,298 VND.

* The reference alternate fee on the State Financial institution’s Purchasing – Promoting Alternate stays the similar, lately at: 23,400 VND – 25,450 VND.

USD alternate charges at industrial banks for getting and promoting are as follows:

USD alternate fee
Purchase in
Promote ​​out
Vietcombank
25,160 VND
25,512 VND
Vietinbank
25,190 VND
25,512 VND
BIDV
25,190 VND
25,512 VND

* The EUR alternate fee on the State Financial institution’s Purchasing – Promoting Alternate diminished somewhat, lately at: 24,312 VND – 26,871 VND.

EUR alternate charges at purchasing and promoting industrial banks are as follows:

EUR alternate fee
Purchase in
Promote ​​out
Vietcombank
26,070 VND
27,500 VND
Vietinbank
26,326 VND
27,526 VND
BIDV
26,320 VND
27,493 VND

* The Eastern yen alternate fee on the State Financial institution’s purchasing and promoting alternate diminished somewhat, lately at: 148 VND – 163 VND.

Eastern Yen alternate fee
Purchase in
Promote ​​out
Vietcombank
156.74 VND
165.85 VND
Vietinbank
159.01 VND
166.76 VND
BIDV
159.35 VND
166.29 VND

MINH ANH

Theo www.qdnd.vn

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