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| US services do not increase, causing the greenback to continue to decline. Illustration photo. (Source: Reuters) |
Foreign exchange rates today 6/6
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of June 5 was announced by the State Bank at 23,720 VND/USD, an increase of 27 VND compared to the previous day.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,884 VND/USD and the floor rate is 22,511 VND/USD.
At commercial banks this morning, the prices of USD and Chinese Yuan (CNY) were adjusted.
At 8:45 a.m., at BIDV , the USD price was listed at 23,350-23,650 VND/USD (buy-sell), an increase of 20 VND in both buying and selling compared to yesterday's trading session.
The price of NDT at this bank is listed at 3,254-3,364 VND/NDT (buy-sell), down 5 VND in both buying and selling compared to yesterday's trading session.
The greenback price at Vietcombank is listed at 23,300-23,670 VND/USD (buy-sell), up 20 VND compared to yesterday's trading session.
The listed CNY price is 3,241-3,379 VND/CNY (buy-sell), down 5 VND for buying and 6 VND for selling compared to yesterday's trading session.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from June 1-7 |
| 1 | EUR | Euro | 24,533.62 | 25,907.33 | 25,343.15 |
| 2 | JPY | Japanese Yen | 163.84 | 173.45 | 170.10 |
| 3 | GBP | British Pound | 28,471.83 | 29,685.83 | 29,367.42 |
| 4 | AUD | Australian Dollar | 15,148.34 | 15,794.24 | 15,397.50 |
| 5 | CAD | Canadian Dollar | 17,038.67 | 17,765.18 | 17,398.39 |
| 6 | RUB | Russian Ruble | 277.46 | 307.19 | 293.02 |
| 7 | KRW | Korean Won | 15.60 | 19.01 | 17.90 |
| 8 | INR | Indian Rupee | 284.07 | 295.46 | 286.87 |
| 9 | HKD | Hong Kong Dollar (China) | 2,921.99 | 3,046.58 | 3,027.64 |
| 10 | CNY | Chinese Yuan China | 3,241.00 | 3,379.00 | 3,341.18 |
(Source: State Bank, Vietcombank)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased slightly by 0.02% to 104.00.
Exchange rates on the world market, the greenback continued to decrease slightly, the Euro was mixed.
Specifically, the greenback fell slightly in the last trading session, when information showed that the US service sector barely grew in May due to the number of new orders slowing down, ending the initial recovery thanks to strong job growth.
The Institute for Supply Management (ISM) said its non-manufacturing PMI fell to 50.3 in May from 51.9 in April. A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy. Economists had forecast the non-manufacturing PMI rising to 52.2.
Data released over the weekend showed that US employment growth increased by 339,000 jobs in May, but the unemployment rate rose to a seven-month high of 3.7%, suggesting the labor market is tightening. The greenback rose after the better-than-expected jobs report boosted expectations that the Federal Reserve could continue to raise interest rates as inflation remains high.
The US central bank is widely expected to keep interest rates on hold in June. Meanwhile, Fed funds futures traders are pricing in a 65% chance that the Fed will raise rates by at least 25 basis points in July.
Fed officials stressed that any decision by the Fed to keep interest rates unchanged at its upcoming meeting does not mean the US central bank has completed tightening monetary policy.
May consumer price inflation data due on June 13 is the next major US economic data release.
Elsewhere, the euro rose 0.07 percent to $1.0712, just above its lowest since March 20 at $1.0635. The greenback fell 0.27 percent to 139.60 yen.
Source
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