USD, EUR, CAD, Pound exchange rates, exchange rates... US economy slows down, greenback continues to fall

Foreign exchange rates today, November 29: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The US economy slows down, the greenback continues to fall. The British Pound and Japanese Yen increase.

Tỷ giá ngoại tệ hôm nay 29/11: Tỷ giá USD, EUR, CAD, Bảng Anh, tỷ giá hối đoái... Kinh tế Mỹ chậm lại, đồng bạc xanh tiếp tục giảm

Foreign exchange rates today, November 29: USD, EUR, CAD, Pound exchange rates, exchange rates... The US economy slows down, the greenback continues to fall. (Source: Reuters)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 29 was announced by the State Bank at 23,913 VND/USD, continuing to decrease by 17 VND/USD compared to yesterday.

Domestic market:

Vietcombank :

USD exchange rate for buying is 24,000 VND/USD, selling is 24,370 VND/USD.

EUR exchange rate for buying is 25,948 VND/EUR and selling is 27,373 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,040 VND/USD, selling is 24,340 VND/USD.

EUR exchange rate for buying is 26,134 VND/EUR, selling is 27,343 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 23-29
1	EUR	Euro	25,948.83	27,373.77	26,027.48
2	JPY	Japanese Yen	160.13	169.51	160.37
3	GBP	British Pound	29,983.22	31,260.12	29,884.91
4	AUD	Australian Dollar	15,687.19	16,355.27	15,592.13
5	CAD	Canadian Dollar	17,410.63	18,152.10	17,407.62
6	RUB	Russian Ruble	259.13	286.88	271.56
7	KRW	South Korean Won	16.24	19.69	18.36
8	INR	Indian Rupee	289.72	301.32	286.61
9	HKD	Hong Kong Dollar (China)	3,024.77	3,153.59	3,061.9
10	CNY	Chinese Yuan China	3,327.98	3,470.23	3,341.87

(Source: State Bank and commercial banks)

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) decreased by 0.47% to 102.73.

The USD exchange rate in the world today continues to decrease, the Japanese Yen and the British Pound increase.

The greenback fell to its lowest in more than three months on Tuesday as investors took the view that growth in the world's largest economy is starting to slow, with markets starting to price in a rate cut in the first half of next year.

According to CME's FedWatch tool, US interest rate futures are pricing in a 33% chance that the US Federal Reserve will cut interest rates by March 2024.

The dollar continued to fall after Fed Governor Christopher Waller, a hawkish policymaker, warned of the possibility of interest rate cuts in the coming months. “If inflation continues to cool, we can start to lower interest rates,” he said.

“The dollar has been recovering on the strength of the U.S. economy, and now it is slowing down on new signs that the economy seems to be slowing,” said Marc Chandler, chief market strategist at Bannockburn Forex in New York.

However, US data on November 28 showed mixed results.

US consumer confidence rose in November after three straight months of declines, a survey showed. The Conference Board said its consumer confidence index rose to 102.0 this month, from 99.1 in October.

Meanwhile, the annual pace of US home price growth accelerated in September to 6.1% year-on-year, up from 5.8% in August.

Traders are now eyeing the US personal consumption expenditures (PCE) price index – the Fed's inflation gauge – due out this week for further confirmation that inflation is cooling.

Elsewhere, the British pound rose 0.4% to its highest since September 1 at $1.2685, while the Japanese yen continued to recover from 152 yen/dollar.

Source