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USD falls sharply, are markets preparing for chaos?

Báo Quốc TếBáo Quốc Tế19/11/2024


Foreign exchange rates, USD/VND exchange rate today, August 14, recorded the USD decreasing in value compared to Yen and other currencies, as the market is waiting for US inflation data.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: August 14, 2024 08:55 - Time of website supply source
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 FRANC 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 - 3,627.87 3,766.87
EURO EUR 26,872.15 27,143.59 28,346.14
Sterling Pound GBP 31,446.19 31,763.83 32,783.48
HONGKONG DOLLAR HKD 3,139.41 3,171.12 3,272.91
INDIAN RUPEE INR - 298.16 310.08
YEN JPY 165.46 167.13 175.12
KOREAN WON KRW 15.90 17.67 19.27
KUWAITIAN DINAR KWD - 81,764.58 85,035.05
MALAYSIAN RINGGIT MYR - 5,615.79 5,738.38
NORWEGIAN KRONER NOK - 2,289.86 2,387.13
RUSSIAN RUBLE RUB - 259.54 287.31
SAUDI RIAL SAR - 6,664.88 6,931.47
SWEDISH KRONA SEK - 2,348.59 2,448.35
SINGAPORE DOLLAR SGD 18,559.78 18,747.25 19,349.06
THAILAND THB 633.80 704.22 731.21
US DOLLAR USD 24,890.00 24,920.00 25,260.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:30 a.m. on August 14, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,256 VND.

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

USD exchange rates at commercial banks 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 14: USD drops sharply, is the market prepared for chaos? (Source: Reuters)

Exchange rate developments in the world market

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

The dollar fell against the yen and other currencies, as markets awaited U.S. inflation data that could point to the prospect of a Federal Reserve interest rate cut in September.

The greenback weakened after data showed producer prices in the world's No. 1 economy rose less than expected in July, as rising goods costs were tempered by cheaper services, confirming inflation remained moderate.

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

“Today’s data is certainly seen as promising news for the market,” said Helen Given, vice president of trading at Monex USA. “The market was bracing for potential turmoil after last month’s data showed that prices had actually fallen.”

Currency markets have been rocked by a sharp rise in the yen since July. Government sources told Reuters that Japan's parliament plans to hold a special session on August 23 to discuss the Bank of Japan's decision to raise interest rates last month.

In the opposite direction, the EUR increased by 0.61% to 1.0999 USD.

The British pound rose 0.81% to $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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