Exchange rates of USD, EUR, CAD, British Pound... The greenback has fallen sharply against the Japanese Yen, is there intervention?

Foreign exchange rates today, December 8: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The greenback has fallen sharply against the Japanese Yen, is there any intervention? The Euro has increased again. *There are new import-export rates.

Tỷ giá ngoại tệ hôm nay 8/12: Tỷ giá USD, EUR, CAD, Bảng Anh.. Đồng bạc xanh giảm mạnh so với Yen Nhật, liệu có bàn tay can thiệp?

Foreign exchange rates today, December 8: USD, EUR, CAD, British Pound exchange rates... The greenback has fallen sharply against the Japanese Yen, is there any intervention? Illustrative photo. (Source: Reuters)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of December 8 was announced by the State Bank at 23,951 VND, returning to the old level, down 8 VND/USD compared to yesterday.

Domestic market:

Vietcombank :

USD exchange rate for buying is 24,060 VND/USD, selling is 24,430 VND/USD.

EUR exchange rate for buying is 25,443 VND/EUR and selling is 26,840 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,120 VND/USD, selling is 24,420 VND/USD.

EUR exchange rate for buying is 25,709 VND/EUR, selling is 26,889 ND/EUR.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply import and export from 7-13/12
1	EUR	Euro	25,509.74	26,910.46	25,847.92
2	JPY	Japanese Yen	164.39	174.02	162.69
3	GBP	British Pound	29,764.51	31,031.98	30,183.05
4	AUD	Australian Dollar	15,600.84	16,265.17	15,764.55
5	CAD	Canadian Dollar	17,401.16	18,142.16	17,643.46
6	RUB	Russian Ruble	249.79	276.54	258.56
7	KRW	Korean Won	16.02	19.41	18.24
8	INR	Indian Rupee	290.15	301.77	287.36
9	HKD	Hong Kong Dollar (China)	3,026.72	3,155.61	3,066.04
10	CNY	Chinese Yuan China	3,322.84	3,464.86	3,346.09

(Source: State Bank, Commercial Bank, Customs Department)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.51% to 103.64.

The greenback exchange rate today in the world has fallen sharply compared to the Japanese Yen. The Euro has increased.

Specifically, the greenback fell ahead of the US non-farm payroll report to be released today and fell sharply against the Japanese Yen.

The US Federal Reserve is widely expected to keep interest rates at current levels at its meeting next week. Futures markets are pricing in a 60% chance of a rate cut in March, up from 50% last week, according to CME's FedWatch tool.

Meanwhile, the Japanese yen posted its biggest gain in nearly a year in recent trading sessions, after Japan's monetary authorities gave a clearer view of the change in monetary policy.

Bank of Japan (BOJ) Governor Kazuo Ueda said on December 7 that the central bank has several options on its target interest rate after lifting short-term borrowing costs out of negative territory.

The market sees this as a potential sign that a change may be coming and a positive factor for the Japanese yen. The BOJ's tighter monetary policy will be in contrast to other central banks that are seen as nearing the end of their rate-hike cycle.

The dollar fell 2.62 percent against the Japanese yen to 143.465, after briefly falling as much as 3.8 percent earlier in the session.

The BOJ is the only central bank to maintain an ultra-low interest rate policy that has sent the Japanese yen to a multi-decade low against the dollar, and fueled speculation that monetary authorities could intervene to support the currency.

The euro closed the session up 0.32% at $1.07980. Cooling inflation, a slowdown in major economies such as Germany and loosening of the labor market have led traders to predict that the eurozone exchange rate will fall to 3%, from the current 4%.

The European Central Bank will hold its final meeting of 2023 next week.

Source