EUR "falls", USD gradually increases

Foreign exchange rates, USD/VND exchange rate today, September 24, recorded a slight increase in the USD in the last trading session, while the EUR decreased.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: September 24, 2024 08:57 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
Australian Dollar	AUD	16,390.39	16,555.95	17,087.91
Canadian Dollar	CAD	17,748.41	17,927.68	18,503.72
SWISS FRANC	CHF	28,344.66	28,630.97	29,550.91
YUAN RENMINBI	CNY	3,422.66	3,457.23	3,568.85
DANISH KRONE	DKK	-	3,601.16	3,739.24
EURO	EUR	26,661.10	26,930.40	28,124.32
POUND STERLING	GBP	32,031.73	32,355.28	33,394.89
HONG KONG DOLLAR	HKD	3,084.08	3,115.24	3,215.33
INDIAN RUPEE	INR	-	294.13	305.90
YEN	JPY	165.47	167.14	175.10
Korean Won	KRW	15.95	17.72	19.23
KUWAITIAN DINAR	KWD	-	80,560.19	83,784.93
MALAYSIAN RINGGIT	MYR	-	5,808.01	5,934.98
NORWEGIAN KRONER	NOK	-	2,299.99	2,397.76
Russian Ruble	RUB	-	256.34	283.78
SAUDI RIAL	SAR	-	6,548.74	6,810.88
SWEDISH KRONA	SEK	-	2,367.23	2,467.86
SINGAPORE DOLLAR	SGD	18,595.01	18,782.84	19,386.35
THAILAND BAHT	THB	660.58	733.98	762.12
US DOLLAR	USD	24,440.00	24,470.00	24,810.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on September 24, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,126, down 22 VND.

The reference USD exchange rate at the State Bank's Transaction Office is listed at: 23,400 VND - 25,282 VND.

USD exchange rates at commercial banks buying and selling are as follows:

Vietcombank: 24,430 VND - 24,800 VND.

Vietinbank : 24,300 VND - 24,800 VND.

Foreign exchange rates, USD/VND exchange rate today, September 24: EUR 'falls dramatically', USD gradually increases. (Source: 24 News)

Exchange rate developments in the world market

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 100.91, up 0.91%.

The US dollar edged up in the last trading session, while the euro fell against the US dollar as disappointing Eurozone economic activity reports hit the market.

The dismal eurozone data has supported expectations of more rate cuts by the European Central Bank this year. Markets are now pricing in a 77% chance of at least a 25 basis point cut at the central bank’s October meeting.

A survey by S&P Global showed that business activity in the eurozone fell sharply this month. The recession was widespread, notably in Germany. Meanwhile, the French economy returned to the doldrums after being boosted in August by the Olympic Games.

In contrast, US business activity stabilized in September, but average prices of goods and services rose at the fastest pace in six months, which could lead to rising inflation in coming months.

The data comes after the US Federal Reserve (Fed) cut interest rates by 50 basis points last week, with some Fed officials commenting on September 23 that the move was aimed at maintaining balance in the economy.

The US Composite PMI Output Index, which tracks the manufacturing and services sectors, was little changed at 54.4 this month, compared with a final reading of 54.6 in August, S&P Global said.

The DXY index rose to 101.23 at one point in the last trading session. The EUR fell 0.39% to 1.112 USD and was on track to record its biggest one-day drop since September 9.

The US dollar suffered its third consecutive weekly decline last week, after the Fed cut interest rates and several Fed officials are expected to speak this week, including Fed Chairman Jerome Powell, as well as Governors Michelle Bowman, Lisa Cook and Adriana Kugler.

The pound rose 0.2% to $1.3345 after rising to $1.33595, its highest since March 3, after a similar survey showed British businesses reported a slowdown in growth this month.

The Bank of England kept interest rates on hold at its policy meeting last week, saying the central bank needed to be careful not to cut rates too quickly or too much.

Against the Japanese yen, the dollar weakened 0.37% to 143.38 after a holiday in Japan. The greenback hit a two-week high of 144.50 yen last week after the Bank of Japan (BOJ) kept interest rates unchanged and said it would not rush to raise them again.

Meanwhile, the Swiss National Bank will make a policy announcement later this week, with a 25 basis point cut expected.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-249-eur-rot-tham-usd-tang-dan-287284.html