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The USD has fallen sharply; is the market bracing for chaos?

Báo Quốc TếBáo Quốc Tế19/11/2024


Foreign exchange rates, the USD/VND exchange rate today, August 14th, shows the US dollar depreciating against the Yen and other currencies, as the market awaits US inflation data.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 14/08/2024 08:55 - Time of source website update
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 16,223.04 16,386.91 16,912.94
Canadian Dollar CAD 17,835.53 18,015.69 18,594.01
SWISS FRANCE CHF 28,262.27 28,547.74 29,464.15
YUAN RENMINBI CNY 3,434.41 3,469.10 3,581.01
DANISH KRONE DKK But 3,627.87 3,766.87
EURO CZ 26,872.15 27,143.59 28,346.14
POUND STERLING GBP 31,446.19 31,763.83 32,783.48
HONG KONG DOLLAR HKD 3,139.41 3,171.12 3,272.91
INDIAN RUPEE INR But 298.16 310.08
YEN rush 165.46 167.13 175.12
Korean Won KRW 15.90 17.67 19.27
KUWAITI DINAR KWD But 81,764.58 85,035.05
MALAYSIAN RINGGIT MYR But 5,615.79 5,738.38
NORWEGIAN KRONER NOK But 2,289.86 2,387.13
RUSSIAN RUBLE RUB But 259.54 287.31
SAUDI RIAL SAR But 6,664.88 6,931.47
SWEDISH KRONA SEK But 2,348.59 2,448.35
SINGAPORE DOLLAR SGD 18,559.78 18,747.25 19,349.06
THAILAND BAHT THB 633.80 704.22 731.21
US DOLLAR cau 24,890.00 24,920.00 25,260.00

Exchange rate movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:30 AM on August 14th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,256 VND.

The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,400 VND - 25,450 VND.

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

Vietcombank: 24,910 VND - 25,280 VND.

Vietinbank : 24,820 VND - 25,285 VND.

Tỷ giá ngoại tệ hôm nay 3/8: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... Bảng lương tăng, đồng bạc xanh vượt kiểm tỏa
Foreign exchange rates, USD/VND exchange rate today, August 14th: USD falls sharply, is the market preparing for chaos? (Source: Reuters)

Exchange rate movements in the global market.

The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), closed at 102.60, down 0.56%.

The US dollar depreciated against the yen and other currencies as markets awaited US inflation data that could indicate the likelihood of a Federal Reserve interest rate cut in September.

The dollar weakened after data showed that producer prices in the world's number one economy rose less than expected in July, as rising goods costs were tempered by cheaper services, confirming that inflation continues to remain moderate.

The US consumer price index report, scheduled for release today (August 14), will be closely watched as it helps guide the Fed's interest rate policy.

Helen Given, Vice President of Trading at Monex USA, said: “Today’s data is definitely seen as promising news for the market. The market had been bracing for potential turmoil after last month’s figures showed prices had actually fallen.”

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The currency market has been shaken by a sharp rise in the yen since July. Government sources told Reuters that the Japanese parliament plans to hold a special session on August 23 to discuss the central bank's decision to raise interest rates last month.

Conversely, the EUR rose 0.61%, reaching $1.0999.

The British pound rose 0.81%, reaching $1.2869.



Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-148-usd-giam-manh-thi-truong-da-chuan-bi-cho-su-hon-loan-282444.html

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