The dollar is experiencing bullish momentum in the short term

The dollar is experiencing bullish momentum in the short term
The dollar is experiencing bullish momentum in the short term

Updated exchange rate table – Agribank USD exchange rate today

1. Agribank – Updated: 26 Jan 12 at 2024:08 – Source site time
Devise First Sell
Dix Code Money plus Transfer
USD USD 25,270 25,276 25,536
EUR EUR 25,948 26,052 27,150
GBP GBP 31,296 31,422 32,383
HKD HKD 3,210 3,223 3,327
CHF CHF 27,737 27,848 28,687
JPY JPY 158.09 158.72 165.50
AUD AUD 15,541 15,603 16,108
SGD SGD 18,378 18,452 18,962
THB THB 725 728 759
CAD CAD 17,383 17,453 17,947
NZD NZD 14,113 14,599
KRW KRW 16.71 18.34

Evolution of exchange rates on the internal market

On the domestic market, registered by TG&VN At 26:00 on September 7, the State Bank announced the central exchange rate of the Vietnamese dong against the US dollar at 12 VND, down 9 VND.

The reference exchange rate of the US dollar at the State Bank Exchange is 23.400 VND – 25.450 VND.

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

Vietcombank: 25,200 25,530 – 25,530 VND.

Banque Vietin : 25,225 25,530 – 25,530 VND.

Exchange rate, USD/VND exchange rate today, December 26: the USD sees its price increase in the short term. (Source: Reuters)

Exchange rate movements in the global market

The US Dollar Index (DXY), measuring the fluctuations of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), increased by 0.09%, currently at 108.12.

The dollar continues to rise, supported by the US Federal Reserve (Fed) which is expected to reduce interest rates more slowly, as well as by market expectations for US economic growth.

The dollar has risen more than 7% since September, supported by inflation and the Fed's expectation to ease interest rate policy at a slower pace next year.

Meanwhile, US 10-year bond yields rose to a 7-month high of 4.629%, with the Fed's dovish stance contrasting with forecasts for global growth and interest rates. The widening interest rate gap between the United States and other economies has contributed to the strength of the greenback.

With the market remaining focused on interest rates, trading volume is expected to remain low heading into the new year 2024.

The price remains above the 107.9 mark, showing short-term bullish momentum. A break above resistance at 108.54 could push the index higher towards the next resistance at 108.9.

On the downside, key support lies at 107.60, with the next support around 107.18. The DXY index must remain above these levels to keep the uptrend intact.

At the same time, the yield on U.S. 10-year bonds recently jumped to 4.62%, breaking resistance, reflecting investor confidence in the strength of the U.S. economy and expectations that the Fed would cut interest rates. interest more slowly.

Rising yields reflect growing demand for higher yields amid global economic uncertainty. Higher 10-year yields are generally favorable, boosting the dollar as higher yields attract foreign investment.

Elsewhere, the EUR/USD exchange rate is currently trading at $1.03912. The euro fell slightly by 0.13% against the dollar.

The main support level lies at $1.04465, which will likely determine the next move of the common European currency. If the price breaks above this level, the EUR/USD currency pair may target resistance at $1.05324, followed by $1.06288.

On the downside, EUR support is at $1.03426 and if the price falls below this level, it could move towards the next support at $1.02760.

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