 |
| Foreign exchange rates today, June 23: USD, EUR, Japanese Yen, British Pound... Fed fails to meet expectations, greenback falls waiting for CPI to 'save'. |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of June 23 was announced by the State Bank at 23,732 VND, unchanged from yesterday.
Therefore, with the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,917 VND/USD and the floor rate is 22,546 VND/USD.
At commercial banks this morning, the prices of USD and NDT both increased.
At 8:30 a.m., at Vietcombank, the USD price was listed at 23,320-23,690 VND/USD (buy-sell), up 10 VND for buying and 80 VND for selling compared to the same time in yesterday's trading session.
Meanwhile, the price of CNY at this bank was listed at 3,209-3,346 VND/CNY (buy-sell), an increase of 2 VND in the buying price and 1 VND in the selling price compared to yesterday's trading session at the same time.
The greenback price at BIDV is listed at 23,370-23,670 VND/USD (buy-sell), unchanged in both buying and selling compared to yesterday's trading session at the same time.
The listed CNY price is 3,222-3,331 VND/CNY (buy-sell), unchanged at the buying price and up 2 VND at the selling price compared to yesterday's trading session at the same time.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from June 22-28 |
| 1 | EUR | Euro | 25,162.54 | 26,571.44 | 25,888.53 |
| 2 | JPY | Japanese Yen | 161.21 | 170.67 | 167.12 |
| 3 | GBP | British Pound | 30,469.87 | 30,275.65 | |
| 4 | AUD | Australian Dollar | 15,498.38 | 16,159.20 | 16,053.69 |
| 5 | CAD | Canadian Dollar | 17,408.58 | 18,150.84 | 17,927.47 |
| 6 | RUB | Russian Ruble | 267.01 | 295.62 | 281.02 |
| 7 | KRW | Korean Won | 15.71 | 19.14 | 18.54 |
| 8 | INR | Indian Rupee | 286.20 | 297.68 | 289.15 |
| 9 | HKD | Hong Kong Dollar (China) | 2,926.89 | 3,051.69 | 3,032.28 |
| 10 | CNY | Chinese Yuan China | 3,222.00 | 3,331.00 | 3,298.07 |
(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 0.40% to 102.40.
The greenback exchange rate in the world today increased again. The British Pound is stable.
The greenback rebounded in the last trading session, when US Federal Reserve Chairman Jerome Powell said that it may be necessary to raise interest rates further to curb inflation.
Last week, the Fed kept its benchmark interest rate steady at 5% to 5.25%, but most policymakers expect rates to rise at least another 50 basis points by the end of the year.
In testimony before the US Congress on June 22, Mr. Powell said that the prospect of raising interest rates by another 25 basis points was “an educated guess” about the direction the central bank would take if the economy continued on its current path.
In addition, Chairman Powell once again emphasized that the US central bank has not yet ended its monetary policy tightening cycle.
Additionally, Fed Governor Michelle Bowman, at an event in Cleveland, said that “additional rate hikes” will be needed to control inflation.
“Investors need to recognize the fact that central banks around the world will continue to actively fight inflation,” said Oliver Pursche, senior vice president and adviser at Wealthspire Advisors in Westport, Connecticut.
Meanwhile, US Treasury yields are rising. Elsewhere, the Bank of England (BoE) has delivered a larger-than-expected interest rate hike. The BoE announced a 50 basis point hike, raising rates to 5%. Investors had expected the BoE's bank rate to peak at 6% by the end of the year. In contrast, economists polled by Reuters had predicted the rate would peak at 5%.
Source
Comment (0)