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| Foreign exchange rates today, July 6: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Before the Fed's move, the greenback increased sharply. (Source: Reuters) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of July 6 was announced by the State Bank at 23,828 - 23,813 VND, an increase of 15 VND compared to the previous day.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 25,019 VND/USD and the floor rate is 22,636 VND/USD.
At commercial banks, this morning, the USD price was stable, 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 23,600 - 23,900 VND/USD (buy - sell), unchanged from the end of yesterday's session.
The CNY price at this bank is listed at 3,224 - 3,331 VND/CNY (buy - sell), down 4 VND in both buying and selling compared to the end of yesterday's session.
The greenback price at Vietcombank is listed at 23,550 - 23,920 VND/USD (buy - sell), unchanged from yesterday's closing price.
The listed CNY price is 3,209 - 3,347 VND/CNY (buy - sell), down 9 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 | 25,186.30 | 26,596.03 | 25,896.64 |
| 2 | JPY | Japanese Yen | 159.94 | 169.32 | 164.61 |
| 3 | GBP | British Pound | 29,415.28 | 30,668.91 | 30,249.65 |
| 4 | AUD | Australian Dollar | 15,477.70 | 16,137.34 | 15,902.32 |
| 5 | CAD | Canadian Dollar | 17,506.82 | 18,252.94 | 17,985.65 |
| 6 | RUB | Russian Ruble | 248.57 | 275.20 | 265.74 |
| 7 | KRW | Korean Won | 15.77 | 19.21 | 18.34 |
| 8 | INR | Indian Rupee | 288.96 | 300.55 | 289.77 |
| 9 | HKD | Hong Kong Dollar (China) | 2,958.65 | 3,084.74 | 3,041.83 |
| 10 | CNY | Chinese Yuan China | 3,209.00 | 3,347.00 | 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) increased by 0.30% to 103.33.
The greenback exchange rate in the world today increased sharply, the Euro and Japanese Yen decreased.
Specifically, the USD increased against other major currencies in the last trading session, after the minutes of the US Federal Reserve's June policy meeting were released, reinforcing market expectations for another interest rate hike at the end of July.
Almost all Fed officials expressed support for holding interest rates steady last month, as well as the need for further tightening in the coming period, a view that pushed Treasury yields higher and provided a boost to the dollar.
According to CME Group's FedWatch Tool, Fed funds futures show that expectations for a 25 basis point rate hike at the end of the July policy meeting are 88.7%.
The Fed is likely to raise interest rates in July, after pausing last month, said Jeffrey Roach, chief economist at LPL Financial. He also said the jobs report is being closely watched for any signs of a weakening labor market.
The US economy is expected to have added 225,000 jobs and the unemployment rate fell to 3.6% in June, according to a Reuters poll.
“The economy is generally resilient, but manufacturing has been in a tailspin for eight months, and it remains to be seen whether that will prompt the Fed to signal the end of its tightening cycle,” said Joe Manimbo, senior market analyst at Convera in Washington.
In another development, the Euro fell 0.21% to $1.0854.
The US dollar also rose to 144.48 Japanese yen, but remained below 145. Last week, the greenback surged to 145.07 for the first time since November.
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