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| Foreign exchange rates today, July 10: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Will the Fed control the greenback exchange rate? (Source: Reuters) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of July 10 was announced by the State Bank at 23,810 VND, down 23 VND compared to the previous day (July 7 at 23,833 VND).
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,920 VND/USD and the floor rate is 22,544 VND/USD.
At commercial banks, this morning, the prices of USD and Chinese Yuan (CNY) both decreased.
At 8:15 a.m., the greenback price at Vietcombank was listed at 23,440 - 23,810 VND/USD (buy - sell), down 70 VND for buying and 80 VND for selling compared to the end of last week.
The listed CNY price is 3,206 - 3,344 VND/CNY (buy - sell), down 2 VND in the buying direction and 3 VND in the selling direction compared to the end of last week.
At BIDV, the USD price is listed at 23,510 - 23,810 VND/USD (buy - sell), down 55 VND in both buying and selling compared to last weekend.
The price of CNY at this bank is listed at 3,213 - 3,319 VND/CNY (buy - sell), down 5 VND for buying and 4 VND for selling compared to the end of last week.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from 6-12/7 |
| 1 | EUR | Euro | 25,057.65 | 26,460.43 | 25,896.64 |
| 2 | JPY | Japanese Yen | 160.65 | 170.08 | 164.61 |
| 3 | GBP | British Pound | 29,346.40 | 30,597.38 | 30,249.65 |
| 4 | AUD | Australian Dollar | 15,280.12 | 15,931.48 | 15,902.32 |
| 5 | CAD | Canadian Dollar | 17,227.42 | 17,961.79 | 17,985.65 |
| 6 | RUB | Russian Ruble | 244.,41 | 270.60 | 265.74 |
| 7 | KRW | Korean Won | 15.65 | 19.06 | 18.34 |
| 8 | INR | Indian Rupee | 284.93 | 296.36 | 289.77 |
| 9 | HKD | Hong Kong Dollar (China) | 2,943.05 | 3,068.51 | 3,041.83 |
| 10 | CNY | Chinese Yuan China | 3,213.00 | 3,319.00 | 3,289.22 |
(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) decreased by 0.25%, down to 102.27 compared to the weekend (July 7 at 103.11).
The greenback exchange rate on the world market today decreased, the Euro increased.
Specifically, the market is currently raising concerns that the US Federal Reserve (Fed) will continue to raise interest rates. The minutes of the Fed's June meeting released last week showed that there will be more interest rate increases, but at a slower pace. In addition, the Fed also left open the possibility of raising interest rates by another 50 basis points by the end of this year.
US Treasury yields began rising sharply after the minutes were released and closed above 4% for the week. However, the DXY Index fell sharply late last week after the release of employment data. US non-farm payrolls increased at a slow pace of 209,000 in June, while the market expected an increase of 240,000.
The DXY has been trading between 102 and 104 for the past few weeks. It currently has strong resistance around 103.50. If it falls below 102, it could continue to fall to the 101-100.80 range.
Elsewhere, the euro edged higher in late trading. The euro has found strong support around $1.0830 for the past three weeks, which could pave the way for a move above $1.10, towards $1.11-$1.12 in the short term.
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