USD, EUR, CAD, Pound exchange rates, exchange rates... Waiting for the Fed to cut interest rates soon, the greenback slightly increased

Foreign exchange rates today December 5: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Waiting for the Fed to cut interest rates soon, the greenback increased slightly.

Tỷ giá ngoại tệ hôm nay 5/12: Tỷ giá USD, EUR, CAD, Bảng Anh, tỷ giá hối đoái... Hóng Fed sớm cắt giảm lãi suất, đồng bạc xanh tăng nhẹ

Foreign exchange rates today December 5: USD, EUR, CAD, Pound exchange rates, exchange rates... (Source: dreamstime)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of December 5 was announced by the State Bank at 23,926, down 13 VND/USD compared to yesterday.

Domestic market:

Vietcombank :

USD exchange rate for buying is 24,035 VND/USD, selling is 24,405 VND/USD.

EUR exchange rate for buying is 25,651 VND/EUR and selling is 27,059 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,105 VND/USD, selling is 24,405 VND/USD.

EUR exchange rate for buying is 25,797 VND/EUR, selling is 26,990 VND/EUR.

STT	Currency code	Currency name	Bank exchange rate commerce Buy	Bank exchange rate commerce Sell out	*State Bank exchange rate Apply for import and export from November 30 to December 6
1	EUR	Euro	25,651.08	27,059.61	26,304.30
2	JPY	Japanese Yen	160.44	169.83	162.58
3	GBP	British Pound	31,182.20	31,182.20	30,402.99
4	AUD	Australian Dollar	15,686.29	16,354.29	15,878.23
5	CAD	Canadian Dollar	17,447.42	18,190.42	17,642.76
6	RUB	Russian Ruble	254.45	281.70	268.80
7	KRW	South Korean Won	16.06	19.46	18.58
8	INR	Indian Rupee	290.01	301.63	287.04
9	HKD	Hong Kong Dollar (China)	3,022.33	3,151.03	3,066.52
10	CNY	Chinese Yuan China	3,325.56	3,467.70	3,357.62

(Source: State Bank, Commercial Bank, Customs Department)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.37% to 103.64.

The USD exchange rate in the world today increased. Meanwhile, the Swiss Franc, Eur, British Pound, and Japanese Yen all decreased.

Specifically, the greenback rose in the last trading session, after falling for three consecutive weeks, due to bets that the US Federal Reserve (Fed) will soon cut interest rates.

Fed Chairman Jerome Powell stressed last week that the US central bank was ready to tighten policy further if needed, but also reiterated that interest rates were “well within certain limits” and inflation had cooled, meaning a rate cut would not be imminent.

Investors are betting that the Fed's rate-hike cycle is over, boosting demand for riskier assets in financial markets. The key data for investors this week is the US November jobs report, which is expected to show the world's largest economy added 180,000 jobs last month, up from 150,000 in October.

Elsewhere, the euro fell 0.49% to $1.0828. Last month, the euro rose 3% against the dollar and hit its highest level since August, after data showed U.S. inflation was cooling rapidly. The DXY index fell 3.1% in November, its biggest monthly decline in a year.

The euro’s recovery has been partly helped by the weakening US dollar, while data released on December 4 showed that German exports unexpectedly fell in October, dampening hopes that Europe’s largest economy is stabilizing.

Investors are now awaiting Eurozone retail sales data due tomorrow, December 6. The British pound fell 0.6% in the last trading session to $1.262; the Australian dollar fell more than 0.88% to $0.66140. The USD rose 0.41% against the Swiss franc,

The US dollar closed down 0.33% against the Japanese yen at 147.300, after falling to 146.24/USD in Asian trading, its lowest level since mid-September.

Source