Foreign exchange rates, USD/VND exchange rate today, March 10, recorded USD decreasing compared to most other currencies due to concerns about slowing growth and the impact of tariffs on the US economy.
Foreign exchange rate update table - USD exchange rate Agribank today
| 1. Agribank - Updated: March 10, 2025 08:00 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| USD | USD | 25,330 | 25,350 | 25,690 |
| EUR | EUR | 27,090 | 27,199 | 28,309 |
| GBP | GBP | 32,300 | 32,430 | 33,430 |
| HKD | HKD | 3,217 | 3,230 | 3,337 |
| CHF | CHF | 28,403 | 28,517 | 29,429 |
| JPY | JPY | 168.66 | 169.34 | 176.80 |
| AUD | AUD | 15,781 | 15,844 | 16,365 |
| SGD | SGD | 18,817 | 18,893 | 19,436 |
| THB | THB | 738 | 741 | 773 |
| CAD | CAD | 17,519 | 17,589 | 18,101 |
| NZD | NZD | 14,352 | 14,853 | |
| KRW | KRW | 16.88 | 18.64 | |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:45 a.m. on March 10, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,738 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,544 VND - 25,916 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 25,300 - 25,690 VND.
Vietinbank: 25,170 - 25,750 VND.
 |
| (Source: Daily FX) |
Exchange rate developments in the world market
The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 103.91.
The DXY index fell more than 3% last week, while the EUR jumped more than 4% last week, knocking the USD down.
The impetus for the EUR's rise comes from the German government's newly proposed plan to increase spending.
Germany's 10-year bond yield jumped from around 2.5% to 2.8% on the news.
Rising bond yields helped the euro break above key resistance at 1.0550 and surge to 1.08. The euro's rise dragged the DXY index below key support at 105. However, the US 10-year Treasury yield rose last week and failed to support the greenback higher.
The dollar fell against most other currencies on concerns about slowing growth and the impact of tariffs on the US economy.
President Donald Trump's 25% tariffs on goods from Canada and Mexico took effect on March 4, along with a doubling of tariffs on imports from China to 20%.
The European Central Bank (ECB) meeting on March 6 and the US jobs data released on March 7 had little impact on the market. The ECB cut interest rates by 25 basis points as expected, while the US added 151,000 jobs to non-farm payrolls and the unemployment rate rose slightly to 4.1%.
The sharp drop below 105.50 has turned the DXY bearish. This has completely negated the previous bullish view on the DXY. Strong resistance now lies in the 105-105.50 zone. Any recovery from here could be limited to 105-105.50.
The outlook is quite bearish, with the DXY index likely to drop to 102, or even 100, in the coming weeks.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-103-trien-vong-usd-kha-bi-quan-co-kha-nang-giam-xuong-moc-102-306895.html
Comment (0)