The US dollar rose for the third consecutive session.

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

World exchange rates

In the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose 0.10%, currently standing at 109.19.

US Treasury yields have been trending upward, with 10-year Treasury yields reaching an eight-month high of 4.73% on January 8th as the economic recovery and the prospect of tariffs fueled concerns about inflation and increased expectations that the Federal Reserve would pursue a slower pace of interest rate cuts.

Recent economic data suggests the labor market is on a solid growth trajectory, and the minutes from the Fed's December meeting revealed policymakers raised renewed concerns about inflation, suggesting the new administration's plans could slow economic growth and increase unemployment.

Investors are now paying close attention to today's crucial government payroll report on January 10th to assess the extent to which the central bank will be aggressive in cutting interest rates.

“Most of the economic data released has been better than expected, so if we get a stronger-than-expected non-farm payrolls report today, that would be evidence that the US economy isn’t cooling down and inflation will be under more pressure,” said Joseph Trevisani, senior analyst at FX Street in New York.

Conversely, the EUR fell 0.16% to 1.0301 USD.

Boston Federal Reserve Bank President Susan Collins stated on January 9th that uncertainty about the economic outlook requires the central bank to be cautious about future interest rate cuts, while Philadelphia Fed President Patrick Harker said he still expects interest rates to fall, but not amid continued economic uncertainty. Additionally, Kansas City Fed President Jeff Schmid expressed confidence that interest rates are near a level where the economy “doesn’t need any restrictions or support.”

The British pound weakened by 0.46% to $1.2306, on track for a third consecutive session after touching its lowest level since November 13, 2023.

Erik Nelson, a macro strategist at Wells Fargo, sees risks of the British pound continuing to underperform while UK government bond yields begin to fall.

Meanwhile, the Japanese yen rose 0.17% to 158.06 yen/USD. Government data released on January 9 showed real wages fell for the fourth consecutive month in November, weighed down by high price pressures even as base wages rose.

Analysts at Goldman Sachs believe that discussions at the January meeting of branch managers 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 start of trading on January 10th, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar increased by 8 dong, currently standing at 24,338 dong.

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

The USD exchange rates at commercial banks for buying and selling are as follows:

* The EUR exchange rate at the State Bank of Vietnam's exchange desk saw a slight decrease in buying and selling rates, currently at: 23,834 VND – 26,343 VND.

The EUR exchange rates at commercial banks for buying and selling are as follows:

* The Japanese Yen exchange rate at the State Bank of Vietnam's exchange desk saw a slight decrease in buying and selling rates, currently standing at 146 VND – 161 VND.

The buying and selling rates for the Japanese 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