Morning of December 9: Central exchange rate increased by 3 VND

The yen held steady in early Asian trading after a magnitude 7.5 earthquake struck northeastern Japan overnight, prompting caution in markets as investors await key policy decisions from several central banks, including the US Federal Reserve. Against the yen, the dollar was flat at 155.885 yen.

Tony Sycamore, market analyst at IG Sydney, said the sharp shake-up had immediately raised concerns about supply chain fragility, insurance risk and disruption to key manufacturing industries, all of which were contributing to the risk-off sentiment in the market.

The Australian dollar held steady at $0.6626 ahead of the Reserve Bank of Australia's (RBA) December policy decision due at 03:30 GMT, with the bank widely expected to keep interest rates unchanged.

Markets are gearing up for a busy week of monetary policy decisions, with the Fed expected to cut interest rates at its meeting later this week.

The US dollar index - a measure of the greenback's value against six major currencies - was at 99.092, down slightly from a one-week high hit earlier.

Bond investors are reducing expectations for cuts in 2026, as doubts grow that Kevin Hassett, the leading candidate to succeed Fed Chairman Jerome Powell, whose term ends in May, will be as dovish as US President Donald Trump has hoped.

Still, markets believe the Fed will almost certainly ease policy this week, while turning their attention to the outlook for next year. According to CME Group's FedWatch tool, interest rate futures are pricing in an 87% chance of a 25 basis point cut at the Fed's December 9-10 meeting.

The yield on 10-year US Treasury bonds was at 4.168%, down 0.4 basis points from the end of the US session, ending a three-session streak of consecutive increases.

“The market has seen a sharp increase in yields in recent days, and the new level appears to be in line with the fundamentals,” ING analysts wrote in a report.

The euro steadied after a sell-off in Bunds on Monday, as ECB Council member Isabel Schnabel told Bloomberg the ECB’s next move could be a rate hike, not a cut as some have expected, though she stressed that this was not imminent. The currency traded around $1.164075.

Compared to the yuan traded in the Hong Kong offshore market, the USD held at 7.07 CNY.

The British pound was steady at $1.332, while the New Zealand dollar was also nearly unchanged at $0.57755.

Source: https://thoibaonganhang.vn/sang-912-ty-gia-trung-tam-tang-3-dong-174840.html