Foreign exchange prices on December 13, 2024: USD exchange rate increased slightly, DXY index surpassed 107 points

DNVN - On December 13, 2024, the central exchange rate of the Vietnamese Dong against the USD increased by 6 VND, reaching 24,259 VND. The USD Index (DXY) is currently at 107.01 points.

USD exchange rate on international market

The Dollar Index (DXY), which measures the strength of the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose to 107.01, up 0.7 points from the trading session on December 12, 2024.

The greenback gained on Tuesday after higher-than-expected inflation data, while the euro fell slightly after the European Central Bank cut interest rates for the fourth time this year.

Producer prices rose 0.4% in November from the previous month, far exceeding the 0.2% increase forecast by economists surveyed by Reuters, according to the U.S. Labor Department.

The dollar index, which measures the greenback against six other currencies, rose 0.375 percent to 106.95 after separate inflation data reinforced expectations that the Federal Reserve will cut interest rates next week.

The CME's FedWatch tool now shows a near-certain chance the Fed will cut rates by another 25 basis points at its December 17-18 meeting, compared with a 78% forecast a week ago.

“Although the Fed is widely expected to cut its benchmark interest rate by a quarter point, moves from the Bank of Canada, Swiss National Bank and European Central Bank in the past 24 hours have ensured that interest rate differentials across major currencies remain tilted in the US’ favour, helping to strengthen the dollar,” said Karl Schamotta, market strategist at Corpay.

Meanwhile, the US dollar also edged up against the Japanese yen, trading at 152.525 yen after hitting a two-week high of 152.845 yen the previous day, as investors pared expectations of a rate hike in Japan next week.

Reuters news agency reported on December 12 that the Bank of Japan (BOJ) is likely to keep interest rates unchanged as it needs more time to assess external risks as well as the wage outlook for next year.

“Although expectations for a BOJ rate hike in January remain, the adjustment has not created a strong impetus for investors to move towards the Japanese yen,” said Akira Moroga, strategist at Aozora Bank.

Domestic USD exchange rate

In the domestic market, at the beginning of trading on December 13, the State Bank announced the central exchange rate increased by 6 VND compared to the previous day, to 24,259 VND/USD.

The reference prices at the State Bank of Vietnam for buying and selling remain unchanged, at VND23,400 - VND25,450/USD, respectively.

At Vietcombank , the USD exchange rate increased by 6 VND in both directions, currently trading at 25,141 VND - 25,471 VND/USD.

BIDV Bank listed the buying and selling prices at 25,171 VND - 25,471 VND/USD, an increase of 6 VND compared to the previous day. Meanwhile, Techcombank also adjusted the price to 25,140 VND - 25,471 VND/USD, an increase of 2 VND for buying and 6 VND for selling, respectively.

Eximbank kept the buying price at 23,740 VND/USD but increased the selling price by 6 VND, to 25,471 VND/USD. ACB Bank traded at 24,170 VND/USD - 25,471 VND/USD, up 10 VND in buying price and 6 VND in selling price.

In the free market, the USD/VND exchange rate fluctuated around 25,598 VND - 25,718 VND/USD, slightly up from the previous trading session.

Exchange rates of other currencies

The euro exchange rate at the State Bank of Vietnam is currently slightly down, at 24,210 VND - 26,758 VND/EUR.

The Japanese yen also recorded a decrease at the State Bank of Vietnam, with the buying and selling prices currently at 151 VND - 167 VND.

Viet Anh (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-13-12-2024-ty-gia-usd-tang-nhe-chi-so-dxy-vuot-moc-107-diem/20241213093812808