How much is the VND for the current USD exchange rate?
The State Bank USD exchange rate is at 24,241 VND, unchanged from yesterday. In the free market, USD was traded at 25,590 - 25,680 VND (buy - sell), up 30 and down 20 VND respectively.
Vietcombank's USD exchange rate is currently at 25,183 VND - 25,453 VND (buy - sell).
The Euro exchange rate is currently at 26,951 VND - 28,429 VND (buy - sell).
The Japanese Yen exchange rate is currently at 158 VND - 168 VND (buy - sell).
The British exchange rate is currently at 31,699 VND - 33,046 VND (buy - sell).
The current yuan exchange rate is at VND 3,435 - VND 3,582 (buy - sell).
USD price today
The USD-Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) recorded at 104.09 points, down 0.17%. 10-year Treasury yields also fell nearly 6 basis points to 4.283%.
Traders are reacting to new data showing that the US labor market is weakening. According to the ADP, the private payroll increased by 152,000 in May. Dow Jones said the figure was lower than the 175,000 that economists had previously predicted and down from 188,000 in April.
Weak private labor market data has made investors optimistic about the possibility of the Fed cutting interest rates later this year, said analysts at secure Digital Markets.
According to Bob Haberkorn - senior market strategist at RJO Futures, the weak number of workers has "poured more oil into the fire" causing the FED to cut interest rates before the end of the year. This increases the attractiveness of gold, meaning the USD will weaken.
The CME FedWatch tool now shows that about 65% of traders expect the Fed to cut interest rates at its September meeting, compared to below 50% last week.
Meanwhile, the USD increased against the Yen, reaching 155.61 Yen. "The Bank of Japan's 2% inflation target from 2025 onwards could not be achieved if households cut spending and do not encourage companies to increase product prices further," said Toyoaki Nakamura in a speech in Sapporo. Domestic consumption is slowing down".
