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| Foreign exchange rates today, July 7: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Treasury bond yields increase, greenback decreases. (Source: Economic Times) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of July 7 was announced by the State Bank at 23,833 VND, 5 VND higher than the previous day.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 25,024 VND/USD and the floor rate is 22,641 VND/USD.
At commercial banks, this morning, the price of USD and Chinese Yuan (CNY) both decreased compared to yesterday's closing price.
At 8:30 a.m., at BIDV, the USD price was listed at 23,565 - 23,865 VND/USD (buy - sell), down 15 VND in both buying and selling compared to the end of yesterday's session.
The price of CNY at this bank is listed at 3,218 - 3,325 VND/CNY (buy - sell), down 4 VND for buying and 5 VND for selling compared to the end of yesterday's session.
The greenback price at Vietcombank is listed at 23,520 - 23,890 VND/USD (buy - sell), down 10 VND in both buying and selling compared to yesterday's closing price.
The listed CNY price is 3,204 - 3,341 VND/CNY (buy - sell), down 1 VND in both buying and 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 import and export from 6-12/7 |
| 1 | EUR | Euro | 25,154.07 | 26,562.10 | 25,896.64 |
| 2 | JPY | Japanese Yen | 160.18 | 169.57 | 164.61 |
| 3 | GBP | British Pound | 29,420.37 | 30,674.34 | 30,249.65 |
| 4 | AUD | Australian Dollar | 15,301.83 | 15,954.03 | 15,902.32 |
| 5 | CAD | Canadian Dollar | 17,290.94 | 18,027.92 | 17,985.65 |
| 6 | RUB | Russian Ruble | 247.37 | 273.87 | 265.74 |
| 7 | KRW | Korean Won | 15.68 | 19.10 | 18.34 |
| 8 | INR | Indian Rupee | 285.96 | 297.43 | 289.77 |
| 9 | HKD | Hong Kong Dollar (China) | 2,954.98 | 3,080.93 | 3,041.83 |
| 10 | CNY | Chinese Yuan China | 3,204.00 | 3,341.00 | 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 0.26% to 103.11.
The greenback exchange rate in the world today decreased, the Japanese Yen increased.
The US dollar retreated slightly after a brief recovery in the last trading session, as newly released data showed the US labor market remained strong, increasing the possibility that the US Federal Reserve (Fed) will continue to raise interest rates later this month.
Private payrolls rose in June, posting their largest gain since February 2022, while the number of Americans filing new unemployment claims rose moderately last week, the Labor Department reported.
Then, a survey by the Institute for Supply Management (ISM) showed the US services sector grew faster than expected in June, as new orders rose, suggesting an economy likely to be resilient to tighter monetary policy from the central bank.
While data from the ISM showed inflation will continue to cool, Fed officials once again signaled they will continue to raise interest rates to higher levels.
Dallas Fed President Lorie Logan said she is concerned “whether inflation will return to target in a sustained and timely manner.”
Futures markets have raised the probability of the Fed raising interest rates by 25 basis points to 92.4% when policymakers conclude their two-day meeting on July 26.
The yield on two-year Treasury notes rose above 5%, its highest level in 16 years, while US stocks fell on the prospect that interest rates will stay higher for longer.
Most major central banks are adjusting monetary policy, and it is unclear when they will alternate between raising and pausing interest rates, said Brad Bechtel, global head of foreign exchange at Jefferies.
Elsewhere, the safe-haven Japanese yen rose 0.39% against the greenback, currently at 144.09, on concerns about the global growth outlook.
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