USD increases for the third consecutive session

The dollar rose for a third straight session as Treasury yields eased but remained elevated on concerns about tariff policies under US President-elect Donald Trump, while the British pound continued to weaken.

World currency exchange rates

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 0.10%, currently at 109.19.

U.S. Treasury yields have been trending higher, with the 10-year note hitting an eight-month high of 4.73 percent on Jan. 8 as the economic recovery and potential tariffs have stoked inflation concerns and raised expectations that the Federal Reserve will take a slower path of rate cuts.

Recent economic data has shown the labor market is on solid footing, and minutes from the Fed's December meeting showed policymakers raised new concerns about inflation, suggesting the new administration's plans could slow economic growth and increase unemployment.

Investors are now eyeing a key government payrolls report due on January 10 to gauge how aggressively the central bank will cut interest rates.

“Most of the economic data that comes out is better than expected, so if we get stronger-than-expected nonfarm payrolls today, it will be a demonstration that the U.S. economy is not cooling down and inflation will come under more pressure,” said Joseph Trevisani, senior analyst at FX Street in New York.

In a reverse move, the EUR fell 0.16% to $1.0301.

Boston Federal Reserve Bank President Susan Collins said on January 9 that uncertainty about the economic outlook requires the central bank to be cautious about cutting interest rates in the future, while Philadelphia Fed President Patrick Harker said he still expects interest rates to fall, but not amid uncertainty about the economic outlook. In addition, Kansas City Fed President Jeff Schmid expressed confidence that interest rates are near a level where the economy “does not need restraint or support.”

The pound weakened 0.46% to $1.2306, on track for a third straight session of declines after hitting its lowest since Nov. 13, 2023.

Erik Nelson, macro strategist at Wells Fargo, sees risks for sterling to continue to underperform as UK government bond yields start to fall.

Meanwhile, the Japanese yen rose 0.17 percent to 158.06 yen per dollar. Government data released on January 9 showed real wages fell for a fourth straight month in November, weighed down by high price pressures even as base pay rose.

Analysts at Goldman Sachs say discussions at the January branch managers' meeting will support their view that the Bank of Japan needs to raise interest rates in January.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on January 10, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 8 VND, currently at 24,338 VND.

* The reference exchange rate at the State Bank's transaction office remains unchanged, currently at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

* The EUR exchange rate at the State Bank's buying and selling exchange center decreased slightly, currently at: 23,834 VND - 26,343 VND.

EUR exchange rates at commercial banks are as follows:

* The Japanese Yen exchange rate at the State Bank's exchange office for buying and selling has slightly decreased, currently at: 146 VND - 161 VND.

The buying and selling rates of YEN at commercial banks are as follows:

Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-10-1-2025-dong-usd-tang-phien-thu-3-lien-tiep-239826.html