US Treasury yields under pressure, USD still "freezing" in price

Foreign exchange rates, USD/VND exchange rate today, March 3, recorded that the greenback increased in value despite the sharp decrease in the yield of 10-year US treasury bonds.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 03/03/2025 07:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,375	25,390	25,730
EUR	EUR	26,021	26,125	27,221
GBP	GBP	31,562	31,689	32,680
HKD	HKD	3,221	3,234	3,341
CHF	CHF	27,884	27,996	28,881
JPY	JPY	167.06	167.73	175.07
AUD	AUD	15,581	15,644	16,162
SGD	SGD	18,624	18,699	19,232
THB	THB	731	734	766
CAD	CAD	17,372	17,442	17,947
NZD	NZD		14,094	14,591
KRW	KRW		16.76	18.49

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 8:10 a.m. on March 3, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,726 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,540 VND - 25,912 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,340 - 25,730 VND.

Vietinbank : 25,220 - 25,800 VND.

Foreign exchange rates, USD/VND exchange rate today, March 3: US Treasury bond yields under pressure, USD still 'freezing' in price. (Source: PBS)

Exchange rate developments in the world market

The US Dollar Index (DXY) which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) traded around 107.31.

The greenback rose despite a sharp drop in the yield on the 10-year US Treasury note, which has remained under pressure throughout the week.

The dollar, meanwhile, steadied after inflation data, closely watched by the Federal Reserve, reinforced the Fed's case for taking a wait-and-see approach to future easing.

The DXY index rose in late trading as investors awaited tariff comments from President Donald Trump.

The personal consumption expenditures (PCE) price index rose 0.3% last month, matching the pace in December, which was the largest increase since April 2024, according to data from the Commerce Department's Bureau of Economic Analysis. In the 12 months through January 2025, the PCE fell slightly to 2.5% from 2.6%, as economists had estimated.

Excluding food and energy, core PCE rose 2.6% year over year, down from 2.9% in December and in line with expectations. The initial reading for December was 2.8%. Monthly core PCE edged up to 0.3% from 0.2%, also in line with expectations.

Meanwhile, consumer spending fell 0.2% after growth was revised up to 0.8% in December. Analysts had expected a 0.2% increase.

Experts say that if the DXY index remains above 107.50 points, the possibility of an increase to the 108.30 - 108.50 range is entirely possible.

However, if it cannot break through the 108 mark, the USD may face correction pressure back to the 107 - 106 zone.

Meanwhile, the EUR/USD exchange rate increased by 0.35% to 1.0415. The GBP/USD exchange rate increased by 0.2% to 1.2604. The USD/JPY exchange rate decreased by 0.02% to 150.60.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-33-loi-suat-trai-phieu-kho-bac-my-chiu-ap-luc-usd-van-bang-bang-tang-gia-306107.html