How much is the VND for the current USD exchange rate?
The State Bank USD exchange rate is at 24,037 VND.
Vietcombank's USD exchange rate is currently at 24,760 VND - 25,130 VND (buy - sell).
The Euro exchange rate is currently at 26,411 VND - 27,860 VND (buy - sell).
The Japanese Yen exchange rate is currently at 159.40 VND - 168.71 VND (buy - sell).
The British exchange rate is currently at 30,772 VND - 32,081 VND (buy - sell).
The current yuan exchange rate is at VND 3,380 - VND 3,525 (buy - sell).
USD price today
The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) was recorded at 104.13 points.
USD prices increased slightly by 0.03%, bringing the Yen exchange rate to 151.87 USD/JPY. The exchange rate is approaching a 34-year high of $151.975/JPY last month as Japanese officials continue to strengthen efforts to protect the currency.
Japanese Finance Minister Shunichi Suzuki said on Tuesday that authorities will not rule out "any option to address the over-uchance of the Yen". He also reiterated the warning that Tokyo is ready to take measures to counter the recent sharp decline of the Yen.
The threat of intervention from Tokyo has kept the dollar from surpassing the current closely monitored exchange rate of 152 USD/JPY, despite the high interest rate differential between the US and Japan.
The USD/JPY exchange rate will continue to move in a narrow range of 151.0-152.5, said Ryota Abe, an economist at SMBC.
He hopes the Japanese government will intervene in the currency market to "controlling fluctuations" in the event of a rapid increase in the USD/tael exchange rate.
In other pairings, the USD/NZD exchange rate increased by 0.15% to 0.6041. The British pound exchange rate increased by 0.04% to 1.2658 GBP/USD. The Euro exchange rate is stable at 1.0860 EUR/USD, holding near a two-week high.
Despite rising US Treasury yields, the US dollar has yet to receive any support as the market reassesses the possibility of the US Federal Reserve easing interest rates.
The yield on the 2-year Treasury note has risen to a 4-month high of 4.80 10% today, while the benchmark 10-year yield also held near its 4-month high at 4.4278%.
According to the positive market, there is currently a 60% chance of the Fed loosening this year, but the possibility of a cut in June is at risk of narrowing.
