Exchange rate today (December 7): The USD continues to increase

Domestic market developments

* The reference exchange rate at the State Bank’s Buying – Selling Exchange increased slightly, currently at: 23,400 VND/USD – 25,098 VND/USD.

* The Euro exchange rate at the SBV Buying – Selling Exchange decreased slightly, currently at: 24,565 VND/Euro – 27,150 VND/Euro.

The USD exchange rate on the free market this morning continued to increase compared to the previous session. In the Hanoi market, at 5:15 a.m., the USD traded (buying – selling) was around 24,643 – 24,619 VND/USD, an increase of 9 VND/USD on the buying side and an increase of 19 VND/USD on the selling side compared to previous trading session.

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

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

* JPY exchange rates at commercial banks buying and selling are as follows:

World market developments

The dollar hit a two-week high in the last trading session, while the euro weakened broadly as markets increased bets that the European Central Bank (ECB) would cut interest rates as soon as possible. is next March.

Although markets are still pricing the US Federal Reserve (Fed) to cut interest rates by at least 125 basis points next year, the USD may still hold steady amid rate cut bets. of other central banks also increased.

The DXY index increased 0.19% at one point in the last trading session, reaching 104.16. Meanwhile, the Euro fell 0.29% to 1.0764 USD.