 |
| Foreign exchange rates today, March 10: USD, Euro, AUD, CAD, Japanese Yen, British Pound... Unemployment benefits increased more than expected, the greenback lost its downward momentum. (Source: Reuters) |
Foreign exchange rates today 10/3
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of March 10 was announced by the State Bank at 23,639 VND/USD, down 1 VND compared to yesterday.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,820 VND/USD and the floor rate is 22,457 VND/USD.
At commercial banks, this morning the USD price decreased, while the Chinese Yuan (CNY) increased.
At 8:30 a.m., at Vietcombank, the greenback price was listed at 23,490 - 23,860 VND/USD (buy - sell), down 15 VND in both buying and selling compared to the end of yesterday's session.
The listed CNY price is 3,332 - 3,474 VND/CNY (buy - sell), up 2 VND for buying and 1 VND for selling compared to the end of yesterday's session.
The USD price at BIDV is listed at 23,535 - 23,835 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 3,345 - 3,458 VND/CNY (buy - sell), unchanged in the buying direction and increased by 2 VND in the selling direction 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 for import and export from 9/3 to 15/3 (to illuminate) |
| 1 | EUR | Euro | 24,348.25 | 25,711.20 | 24,903.40 |
| 2 | JPY | Japanese Yen | 168.29 | 178.16 | 171.72 |
| 3 | GBP | British Pound | 27,350.79 | 28,516.57 | 27,930.66 |
| 4 | AUD | Australian Dollar | 15,204.38 | 15,852.44 | 15,582.94 |
| 5 | CAD | Canadian Dollar | 16,726.98 | 17,439.94 | 17,174.42 |
| 6 | RUB | Russian Ruble | 296.63 | 328.40 | 310.97 |
| 7 | KRW | Korean Won | 15.52 | 18.90 | 17.89 |
| 8 | INR | Indian Rupee | 288.79 | 300.37 | 287.74 |
| 9 | HKD | Hong Kong Dollar (China) | 2,942.96 | 3,068.40 | 3,010.48 |
| 10 | CNY | Chinese Yuan China | 3,345.00 | 3,458.00 | 3,393.06 |
(Source: State Bank, Vietcombank)
Exchange rate developments in the world market
At the beginning of the trading session, in the US market, the DXY (US Dollar Index) measuring the fluctuations of the greenback against 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.40%, to 105.26.
Today, in the world market, the exchange rates of key currencies: greenback decreased, euro increased, Japanese yen decreased.
Specifically, the greenback, although falling, is still at a high level (105). The greenback fell to 105.26 after newly released data showed that the number of applications for unemployment benefits in the US last week increased more than expected, raising expectations that the US Federal Reserve (Fed) may slow down the pace of interest rate hikes.
Initial jobless claims in the US rose by 21,000 to 211,000 last week, exceeding economists' expectations of 195,000.
“A lot of investors are breathing a sigh of relief at the weakening labor market,” said Edward Moya, senior market analyst at OANDA in New York. “But the concern is that if today’s jobs report is strong, it will reinforce expectations for a 50 basis point rate hike.”
Going forward, the market is expecting the March 10 jobs report to show employers added 205,000 jobs in February, well below the 517,000 jobs expected in January. Wages are expected to rise 0.3% in February for an annual gain of 4.7%.
Meanwhile, consumer price inflation data due on March 14 will also be key to the Fed’s decision. If the job market remains strong and inflation remains high, Treasury yields could face further increases, which would also boost the greenback.
Earlier, Fed Chairman Jerome Powell reaffirmed the possibility of higher and faster interest rate hikes at a hearing before the US Congress.
Fed funds futures traders are now pricing in a 60% chance of the Fed raising rates by 50 basis points, up from about 22% before Chairman Powell's comments.
Elsewhere, the Euro rose 0.31% to $1.0577 (yesterday was $1.0547). Meanwhile, the USD fell 0.87% against the Japanese Yen, to 136.216 yen (yesterday was 137.28 yen).
 | Foreign exchange rates today, March 9: USD, Euro, AUD, CAD, Japanese Yen, British Pound... Greenback and key currencies are stable Update foreign exchange rates today March 9, USD, Euro, AUD, CAD, British Pound, Japanese Yen exchange rates, exchange rates... |
 | US sanctions Russia, USD suddenly 'in trouble'? According to Reuters news agency, US sanctions against Russia have begun to undermine its long-standing dominance ... |
 | Opening of the Conference to deploy the Action Program to implement Directive 15 of the Secretariat on economic diplomacy On the evening of March 9, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired the Conference to deploy the Program... |
 | Promoting local cooperation between Vietnam and Kyushu region, Japan On March 8, at the headquarters of the Ministry of Foreign Affairs, Deputy Foreign Minister Pham Quang Hieu received Mr. Aso Yutaka, Honorary President of the ... |
 | Deputy Minister Ha Kim Ngoc received the US Deputy Secretary of Commerce On March 9, at the headquarters of the Ministry of Foreign Affairs, Deputy Minister of Foreign Affairs Ha Kim Ngoc received Ms. Marisa Lago, Deputy Minister of Trade ... |
Source
Comment (0)