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| Foreign exchange rates today, July 17: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... (Source: 123rf) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of July 17 was announced by the State Bank at 23,701 VND/USD, down 19 VND compared to last weekend.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 23,886 VND/USD and the floor rate is 22,515 VND/USD.
At commercial banks this morning, the USD price was stable and the Chinese Yuan (CNY) decreased.
At 8:30 a.m., the greenback price at Vietcombank was listed at 23,440 - 23,810 VND/USD (buy - sell), unchanged from last weekend. The CNY price was listed at 3,242 - 3,381 VND/NDT (buy - sell), down 3 VND in both buying and selling compared to last weekend.
At BIDV, the USD price is listed at 23,480 - 23,780 VND/USD (buy - sell), unchanged from last weekend.
The NDT price at this bank is listed at 3,255 - 3,364 VND/NDT (buy - sell), down 4 VND in both buying and selling compared to last weekend.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from 13-19/7 |
| 1 | EUR | Euro | 25,854.59 | 27,301.98 | 26,220.52 |
| 2 | JPY | Japanese Yen | 166.07 | 175.81 | 170.37 |
| 3 | GBP | British Pound | 30,145.65 | 31,430.70 | 30,810.89 |
| 4 | AUD | Australian Dollar | 15,738.48 | 16,409.38 | 15,977.16 |
| 5 | CAD | Canadian Dollar | 17,422.84 | 18,165.55 | 18.00.50 |
| 6 | RUB | Russian Ruble | 249.27 | 275.97 | 263.40 |
| 7 | KRW | Korean Won | 16.13 | 19.66 | 18.44 |
| 8 | INR | Indian Rupee | 287.30 | 298.82 | 288.87 |
| 9 | HKD | Hong Kong Dollar (China) | 2,948.25 | 3,073.93 | 3,036.56 |
| 10 | CNY | Chinese Yuan China | 3,255.00 | 3,364.00 | 3,307.45 |
(Source: State Bank, Vietcombank)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 99.96, a slight increase (from 99.76 on July 15).
Specifically, the greenback exchange rate increased slightly this week. The Euro increased and is likely to increase.
The DXY index rose slightly compared to last week, while US Treasury yields also fell sharply after inflation data was released on July 12.
The US consumer price index (CPI) - a measure of inflation - was released as rising 3.09% in June, much lower than the 4.1% in May.
And so, the core CPI rose 4.86% in June, down from 5.33% in May. The cooling inflation has raised market expectations that the US Federal Reserve will slow its rate hikes. That has pushed Treasury yields down sharply and sent the DXY index tumbling.
The DXY index has broken below the key support level of 100.80. Strong resistance for the index lies in the 100.80-101 range. If the DXY index breaks below 101, the short-term outlook is bearish. It could fall to 98, and even 96 in the coming weeks.
Conversely, if the DXY index breaks above 101, it will limit the downward pressure. However, this case is unlikely at present.
Elsewhere, the euro hit a 16-month high against the dollar last week. The break above 1.10 and the rise to 1.2 for the euro was as expected. Strong support for the common European currency is at 1.10. The overall picture is bullish, with the euro likely to target 1.16 in the coming months.
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