USD, EUR, CAD, Pound exchange rates, exchange rates... US unemployment benefits increase, greenback remains unchanged

Foreign exchange rates today, November 17: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... US unemployment benefits increased, greenback remained unchanged. Euro and Japanese Yen increased. British Pound decreased.

Tỷ giá ngoại tệ hôm nay 17/11: Tỷ giá USD, EUR, CAD, Bảng Anh, tỷ giá hối đoái...Trợ cấp thất nghiệp ở Mỹ tăng, đồng bạc xanh đi ngang

Foreign exchange rates today, November 17: USD, EUR, CAD, Pound exchange rates, exchange rates... US unemployment benefits increase, greenback remains unchanged. (Source: Reuters)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 17 was announced by the State Bank at 23,972 VND/USD, an increase of 1 VND/USD compared to the previous day.

Domestic market:

Vietcombank:

USD exchange rate for buying is 24,045 VND/USD, selling is 24,415 VND/USD.

EUR exchange rate for buying is 25,645 VND/EUR and selling is 27,053 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,090 VND/USD, selling is 24,390 VND/USD.

EUR exchange rate for buying is 25,829 VND/EUR, selling is 27,023 VND/EUR.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from November 16-22
1	EUR	Euro	25,656.29	27,065.06	26,119.80
2	JPY	Japanese Yen	156.67	165.85	159.48
3	GBP	British Pound	29,334.31	30,583.45	29,995.98
4	AUD	Australian Dollar	15,277.00	15,927.55	15,605.60
5	CAD	Canadian Dollar	17,198.63	17,931.00	17,550.42
6	RUB	Russian Ruble	258.39	286.06	266.19
7	KRW	Korean Won	16.25	19.70	18.48
8	INR	Indian Rupee	290.71	302.36	289.15
9	HKD	Hong Kong Dollar (China)	3,032.00	3,161.12	3,077.71
10	CNY	Chinese Yuan China	3,280.36	3,420.57	3,318.5

(Source: State Bank and commercial banks)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY), which measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), remained unchanged at 104.38.

The greenback exchange rate today in the world is unchanged compared to yesterday - Japanese Yen and Euro increased; British Pound decreased.

Specifically, the greenback fluctuated slightly after the number of unemployment claims in the US increased more than expected last week, which could prompt the US Federal Reserve (Fed) to cut interest rates in early 2024.

The number of state unemployment claims increased by 13,000 to 231,000 as of November 11, the US Department of Labor said.

Economists had forecast 220,000 new claims for unemployment benefits in the latest week, Reuters reported, suggesting the US economy was slowing and leading the market to believe the Fed had finished raising interest rates.

The dollar plunged on November 14, posting its biggest one-day drop in a year, after weaker-than-expected consumer price data raised the prospect that inflation was rapidly decelerating toward the Fed's 2% target.

“We have long expected the Fed to ease policy faster than what the market is pricing in, possibly in the first quarter of 2024,” said Vassili Serebrikov, foreign exchange strategist at UBS in New York.

Traders remain confident that interest rates will not rise further, with the possibility of a first rate cut in March next year, according to CME Group's FedWatch Tool.

While markets expect the Fed to quickly pivot to rate cuts in 2024, historically that would only happen if there was a big hit to the economy, said Karl Schamotta, chief market strategist at Corpay in Toronto, Canada.

Elsewhere, the euro rose 0.02% to $1.0848, after rising 1.69% on November 14, its biggest one-day percentage gain since November 2022. Meanwhile, the Japanese yen rose 0.47% to $150.66 per dollar; the British pound closed the session at $1.2406, down 0.10% on the day.

Source