EUR and USD move in opposite directions, Japanese Yen slightly increases

Foreign exchange rates, USD/VND exchange rate today, July 11, recorded a decrease in USD after US Federal Reserve (Fed) Chairman Jerome Powell indicated that the bank is getting closer to cutting interest rates.

Foreign exchange rate update table - USD exchange rate today

1. Agribank - Updated: 01/01/1970 08:00 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,250.00	25,259.00	25,459.00
EUR	EUR	26,951.00	27,059.00	28,256.00
GBP	GBP	31,830.00	32,022.00	33,003.00
HKD	HKD	3,190.00	3,203.00	3,307.00
CHF	CHF	27,769.00	27,881.00	28,753.00
JPY	JPY	153.62	154.24	161.48
AUD	AUD	16,809.00	16,877.00	17,385.00
SGD	SGD	18,474.00	18,548.00	19,099.00
THB	THB	680.00	683.00	712.00
CAD	CAD	18,304.00	18,378.00	18,921.00
NZD	NZD		15,323.00	15,830.00
KRW	KRW		17.58	19.20

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:30 a.m. on July 11, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,247 VND, an increase of 5 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,209 VND - 25,459 VND.

Vietinbank : 25,135 VND - 25,445 VND.

Foreign exchange rates, USD/VND exchange rate today, July 11: Euro and USD move in opposite directions, Japanese Yen inched up slightly. (Source: finanzmarktwelt)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 104.98, down 0.15%.

The US dollar fell after Federal Reserve Chairman Jerome Powell indicated that the bank was moving closer to cutting interest rates, but still wanted inflation to fall further.

The Fed chairman made the comments ahead of consumer price index (CPI) data due out today, July 11, which is expected to show headline prices fell in June.

Paula Comings, head of foreign exchange sales at US Bank in New York, said Mr. Powell “is still interested in looking at some more data, and I think that includes the CPI.”

In a Reuters poll, economists expect today's report to show headline prices rose 0.1% in the month, while core prices rose 0.2%. That would put annual gains at 3.1% and 3.4%, respectively.

Chairman Powell stressed that he was not ready to conclude that inflation was falling to 2% sustainably.

Traders are now betting on a roughly 73% chance of a rate cut in September, with a second cut also possible in December, according to CME Group's FedWatch Tool.

The dollar is likely to weaken as the Fed begins cutting interest rates, but traders remain uncertain about that move, especially as US interest rates remain higher than other currencies.

Meanwhile, the Euro rose 0.1% to $1.0823.

The dollar rose 0.29 percent to 161.77 yen, moving closer to a 38-year high of 161.96 hit last week.

The Japanese currency has suffered from the large differential between US and Japanese interest rates.

Elsewhere, the pound hit a four-week high after Bank of England Chief Economist Huw Pill said on July 10 that the central bank was moving closer to cutting interest rates, but service price inflation and wage growth remained high.

The currency closed up 0.48 percent at $1.2842, having earlier hit $1.2847, its highest since June 12.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-117-eur-va-usd-di-nguoc-chieu-yen-nhat-nhich-nhe-278191.html