Foreign exchange rates today, November 27: USD, EUR, CAD, Pound exchange rates, exchange rates... The US tightens monetary policy, CPI decreases, the greenback falls. (Source: CNN) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 27 was announced by the State Bank at 23,947 VND/USD, an increase of 20 VND/USD compared to the weekend (November 24).
Domestic market:
USD exchange rate for buying is 24,060 VND/USD, selling is 24,430 VND/USD.
EUR exchange rate for buying is 25,833 VND/EUR and selling is 27,252 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,080 VND/USD, selling is 24,380 VND/USD.
EUR exchange rate for buying is 26,028 VND/EUR, selling is 27,231 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 | 25,752.03 | 27,166.07 | 26,027.48 |
2 | JPY | Japanese Yen | 157.56 | 166.79 | 160.37 |
3 | GBP | British Pound | 29,598.65 | 30,859.07 | 29,884.91 |
4 | AUD | Australian Dollar | 15,502.26 | 16,162.40 | 15,592.13 |
5 | CAD | Canadian Dollar | 17,251.77 | 17,986.42 | 17,407.62 |
6 | RUB | Russian Ruble | 261.43 | 289.42 | 271.56 |
7 | KRW | South Korean Won | 16.10 | 19.51 | 18.36 |
8 | INR | Indian Rupee | 290.28 | 301.91 | 286.61 |
9 | HKD | Hong Kong Dollar (China) | 3,030.60 | 3,159.65 | 3,061.9 |
10 | CNY | Chinese Yuan China | 3,322.45 | 3,464.45 | 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 to 103.43 compared to 103.75 on November 24. The Euro is positive and may continue to increase.
Forecast for the greenback trend this week:
The greenback has been on a downward trend over the past week, in line with US bond yields and economic data, as the world’s largest economy appears to be suffering from tightening monetary policy. US CPI data has also cooled.
The US dollar struggled last week below 104 and continued its decline as expected. The short-term outlook remains bearish.
The current resistance for the index is at 104, followed by resistance levels at 104, 50 and 105. The index could fall to 102-101 in the coming weeks if it fails to break above 104. In particular, to avoid a deep decline, the DXY Index needs to break above 105. However, that seems unlikely at this point.
Next week, the US Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred inflation measure, will be released. The market is currently expecting three interest rate cuts next year, with a possible fourth cut before December 2024.
According to CME's FedWatch Tool, markets have essentially discounted any chance of a Fed rate hike at this December's meeting, while pricing in a 50% chance of a rate cut by May 2024.
Elsewhere, the euro had a positive week and continued to consolidate its recent gains. The short-term outlook is bullish for the single currency. Current support is at 1.0900. The euro could rise to 1.11 and even 1.12 in the coming weeks.
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