USD alternate fee lately (January 6): At the morning of January 6, the State Financial institution introduced that the central alternate fee of Vietnam Dong to USD is these days at 24,334 VND.
The USD Index (DXY), which measures the buck’s actions towards six main currencies, stood at 108.92.
Expect the USD pattern this week
The DXY index rose about 7% in 2024 and ended the 12 months “brightly”. The buck sped up within the ultimate quarter, prior to and after the United States Presidential election. The index ends 2024 at 108.4.
DXY Index volatility chart during the last week. Photograph: Marketwatch
The outlook for the DXY is certain in 2025. The buck may handle the expansion momentum accomplished within the final quarter of final 12 months, no less than till the primary part of 2025. Specifically, coverage worries US price lists may assist the DXY index build up its safe-haven place. Considerations about top inflation following the tariff warfare may additionally fortify the greenback.
Rates of interest in the United States are a supportive issue for the USD this 12 months. America Federal Reserve, in its most up-to-date assembly in December, predicted a slower strategy of chopping rates of interest in 2025. In its financial forecast printed in December, the Fed printed chance of chopping rates of interest via a complete of fifty foundation issues this 12 months. In early September, the United States Central Financial institution forecast a complete rate of interest reduce of 100 foundation issues in 2025. The inflation outlook for 2025 was once additionally revised upper via the Fed in its contemporary forecast. Subsequently, rates of interest in the United States would possibly proceed to stay at a better degree and would possibly not lower at a sooner fee as up to now anticipated.
The outlook for the DXY index is constructive. The craze is expanding and the potential for an excessively robust build up. This index has skyrocketed prior to now few weeks. It’s more likely to check the 110.50-111 degree within the brief time period. After that, this index can have a momentary downward correction, right down to the 109-108 space. Alternatively, the uptrend will proceed to be maintained.
A brand new build up from round 108 may carry the index above the 111 mark. In case the DXY index will increase past the 111 mark, the DXY index may succeed in 118-119 within the 3rd quarter of this 12 months. Alternatively, emerging past 119 would possibly develop into harder.
US 10-year Treasury yields have moved a lot upper, from 4% final 12 months. Present resistance is at 4.7%. A destroy above this degree may take yields to the 5% mark first of all, adopted via 5.6% or even upper this 12 months. Such an build up in yields will open an excessively certain pattern for the DXY index.
The outlook is bearish for the EUR. EUR/USD has fallen beneath the important thing fortify degree of one.0450. That contributes to strengthening the downtrend. It’s most likely that the EUR will transfer in opposition to parity with the USD, most likely even falling beneath parity and trying out the 0.98 mark at the drawback within the coming months.
Taking a look on the giant image, there’s a possibility that the forex will even fall beneath the 0.98 mark. If that occurs, the EUR may fall to the 0.95-0.93 vary this 12 months.
USD alternate fee lately (6-1): The USD will proceed to be “good” within the first part of this 12 months. Photograph: CNN
Home USD alternate fee lately
At the home marketplace, at first of the buying and selling consultation on January 6, the State Financial institution introduced that the central alternate fee of Vietnamese Dong to USD is these days at 24,334 VND.
* The reference alternate fee on the State Financial institution’s Purchasing – Promoting Alternate stays the similar, these days 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
25,220 VND
25,550 VND
Vietinbank
25,250 VND
25,550 VND
BIDV
25,250 VND
25,550 VND
* The EUR alternate fee on the State Financial institution’s Purchasing – Promoting Alternate reduced moderately, these days at: 23,740 VND – 26,239 VND.
EUR alternate charges at purchasing and promoting industrial banks are as follows:
EUR alternate fee
Purchase in
Promote out
Vietcombank
25,477 VND
26,874 VND
Vietinbank
25,691 VND
26,891 VND
BIDV
25,711 VND
26,893 VND
* The Jap yen alternate fee on the State Financial institution’s purchasing and promoting alternate stays unchanged, these days at: 147 VND – 162 VND.
Jap Yen alternate fee
Purchase in
Promote out
Vietcombank
156.20 VND
165.28 VND
Vietinbank
158.04 VND
165.79 VND
BIDV
157.39 VND
165.55 VND
MINH ANH
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