DNVN - Foreign exchange prices on January 9, 2025, USD increased sharply as US bond yields continued their recent upward trend.
USD exchange rate on international market
The Dollar Index (DXY), which measures the value of the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), is currently at 109.03, up 0.34 points from the trading day of January 8, 2025.
The US dollar rose for the second straight day as US bond yields continued to climb. A new report revealed that US President-elect Donald Trump is considering using new policies to push through his tariff plans.
The yield on the 10-year US Treasury note hit 4.73%, its highest level since April 25. CNN said that Mr. Trump could declare an economic emergency to implement broader tariffs on many countries.
Market sentiment on Trump's policies
Investors are betting that Mr Trump’s policies of tax cuts and deregulation will support economic growth, but there are concerns that inflation could rise.
Data from the ADP report showed that US private payrolls grew at a significantly slower pace in December, from 146,000 to 122,000. Meanwhile, a Reuters poll forecast growth of 140,000.
In contrast, weekly jobless claims fell to 201,000, the lowest level in 11 months, and below expectations of 218,000 from economists polled by Reuters.
The DXY index ended recent trading at 109.00, down from a peak of 109.54 last week. The euro also fell 0.2%, currently at $1.0318.
The Fed is widely expected to cut interest rates by 39 basis points this year, with the first cut likely in June. Governor Christopher Waller predicted on January 8 that inflation would continue to decline, creating conditions for the Fed to loosen monetary policy.
Minutes of the Fed's December 17-18 meeting showed that inflation is trending down, but risks remain from price pressures and Trump's economic policies.
The British pound fell 0.87% to $1.2364, after touching $1.2321, its lowest since April 22. The Japanese yen rose 0.25% to 158.41 yen per dollar, close to the 160 level that could force Japanese authorities to intervene to support the currency.
Consumer sentiment in Japan deteriorated in December, a government survey showed, raising doubts about the Bank of Japan's stance on economic growth.
Domestic USD exchange rate
On January 9, the State Bank of Vietnam listed the central USD/VND exchange rate down 2 VND, to 24,330 VND.
At the State Bank of Vietnam, the buying and selling rates remained at VND23,400 - VND25,450.
Vietcombank listed the USD exchange rate at 25,156 - 25,546 VND/USD, down 2 VND. TPB Bank offered the lowest USD cash purchase price: 24,390 VND/USD, while Hong Leong Bank bought the highest at 25,265 VND/USD.
Other banks such as ABBank, VietinBank, BIDV, and Vietcombank all listed the highest selling rate at 25,546 VND/USD.
The EUR exchange rate at the State Bank of Vietnam is currently slightly down, at the buying and selling rates of VND23,917 - VND26,434. The Japanese Yen exchange rate remains unchanged, fluctuating from VND146 - VND162.
Viet Anh (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-9-1-2025-usd-tang-manh-do-loi-suat-trai-phieu-my-di-len/20250109085410930
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