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| Foreign exchange rates today, July 4: USD, EUR, CAD, Japanese Yen, British Pound... Inflation likely to hit rock bottom, greenback rises slightly to welcome new wind. (Reuters) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of July 4 was announced by the State Bank at 23,804 VND, down 1 VND compared to the previous day.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,994 VND/USD and the floor rate is 22,613 VND/USD.
At commercial banks, this morning, the USD price fluctuated in opposite directions, while the Chinese Yuan (CNY) decreased compared to yesterday's closing price.
At 8:30 a.m., at BIDV, the USD price was listed at 23,560 - 23,860 VND/USD (buy - sell), an increase of 50 VND in both buying and selling compared to the end of yesterday's session.
The price of CNY at this bank is listed at 3,221 - 3,329 VND/CNY (buy - sell), down 9 VND in both buying and selling compared to the end of yesterday's session.
The greenback price at Vietcombank is listed at 23,500 - 23,870 VND/USD (buy - sell), down 50 VND in both buying and selling compared to yesterday's closing price.
The listed CNY price is 3,205 - 3,343 VND/CNY (buy - sell), down 9 VND for buying and 10 VND for selling compared to the end of yesterday's session.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from June 29 to July 5 |
| 1 | EUR | Euro | 25,154.05 | 26,562.17 | 26,012.45 |
| 2 | JPY | Japanese Yen | 159.21 | 168.55 | 165.02 |
| 3 | GBP | British Pound | 29,268.36 | 30,515.95 | 30,246.48 |
| 4 | AUD | Australian Dollar | 15,403.31 | 16,059.89 | 15,779.02 |
| 5 | CAD | Canadian Dollar | 17,413.37 | 18,155.63 | 17,974.13 |
| 6 | RUB | Russian Ruble | 251.68 | 278.64 | 278.09 |
| 7 | KRW | Korean Won | 15.74 | 19.18 | 18.16 |
| 8 | INR | Indian Rupee | 288.17 | 299.72 | 289.63 |
| 9 | HKD | Hong Kong Dollar (China) | 2,945.02 | 3,070.56 | 3,033.24 |
| 10 | CNY | Chinese Yuan China | 3,205.00 | 3,343.00 | 3,283.99 |
(Source: State Bank, Vietcombank)
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) increased slightly by 0.06% to 102.97.
The US dollar was little changed in the last trading session, while gaining against the Japanese Yen, after Japan's Finance Minister warned against excessive moves in the currency market.
The dollar initially weakened on news that US manufacturing activity continued to decline in June. According to the Institute for Supply Management (ISM), the US manufacturing PMI fell to 46.0 from 46.9 in May, the lowest level since May 2020. This is the eighth consecutive month that the PMI has been below 50.
The ISM survey showed signs of a slowing economy, while also showing that inflation in the US is under control.
“This inflation process will bottom out next week, after which prices will likely rise,” said Ed Moya, senior market analyst at OANDA in New York.
Treasury yields initially fell after the PMI data, then rose again.
Meanwhile, the Japanese Yen fell to its lowest level in nearly eight months against the US Dollar, following a move by Japanese Finance Minister Shunichi Suzuki late last week, amid a weakening Japanese Yen.
Japan bought yen in September, the first foray into the market to boost its currency since 1998, after the Bank of Japan (BOJ) decided to maintain its ultra-loose policy, sending the yen to a low of 145 yen per dollar.
Elsewhere, the euro rebounded from earlier weakness as new data showed a slowdown in eurozone factory activity, raising concerns about economic growth. Concerns about a global economic slowdown weighed on the euro after it had risen for three straight quarters.
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