Exchange rates for USD, EUR, CAD, British Pound... The Yen is falling; will Japan intervene?

Foreign exchange rates today, November 14th: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Yen continues to fall, will the Japanese government intervene? EUR and British Pound are trending upwards.

Tỷ giá ngoại tệ hôm nay 14/11: USD, EUR, CAD, Bảng Anh... Đồng bạc xanh giảm. Yen tiếp tục giảm, chính phủ Nhật liệu có can thiệp?

Today's foreign exchange rates (November 14th): USD, EUR, CAD, British Pound... (Source: Istock)

The central exchange rate between the Vietnamese Dong (VND) and the US Dollar (USD) on the morning of November 14th was announced by the State Bank of Vietnam at 24,020 VND/USD, an increase of 5 VND/USD compared to the previous day.

Domestic market:

Vietcombank :

The USD exchange rate is 24,170 VND/USD for buying and 24,540 VND/USD for selling.

The EUR buying rate is 25,404 VND/EUR and the selling rate is 26,799 VND/EUR.

BIDV Bank:

The USD exchange rate is 24,225 VND/USD for buying and 24,525 VND/USD for selling.

The EUR buying rate is 25,603 VND/EUR, and the selling rate is 26,785 VND/EUR.

No.	Foreign currency code	Name of foreign currency	Bank exchange rate commerce Buy	Bank exchange rate commerce Sell	*State Bank of Vietnam exchange rate Applicable for import/export from November 9-15.
1	CZ	Euro	25,383,300	26,776.88	25,632.77
2	rush	Japanese Yen	156.06	165.20	159.2
3	GBP	British Pounds	29,056.64	30,293.73	29,446.38
4	AUD	Dollar Australia	15,111.26	15,754.62	15,424.75
5	CAD	Canadian Dollar	17,205.34	17,937.86	17,411.98
6	RUB	Russian Ruble	251,16	278.05	259.72
7	KRW	Korean Won	15.91	19.29	18.31
8	INR	Indian Rupee	291.69	303.37	288.07
9	HKD	Hong Kong Dollar (China)	3,040.89	3,170.35	3,068.59
10	CNY	Chinese yuan China	3,270.46	3,410.22	3,295.87

(Source: State Bank of Vietnam and commercial banks)

Exchange rate movements in the global market.

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), fell 0.20% to 105.65.

The USD exchange rate saw a slight decrease globally today.

The US dollar edged lower in the last trading session, driven by expectations of a decline in the US Consumer Price Index (CPI), which would likely lead to lower Treasury yields, amid market bets that the Federal Reserve has completed its interest rate hike program.

Joseph Trevisani, senior analyst at FXStreet.com , said that Fed Chairman Jerome Powell and policymakers want the market to remain cautious with expectations of interest rates staying high, while monetary policy continues to be tightened without the need for further rate hikes.

"That would cause the dollar to depreciate because I think the Fed has almost finished raising interest rates," he said.

In addition, Paresh Upadhyaya, Director of Currency and Fixed Income Strategy at Amundi US in Boston, said that the dollar's reaction to the CPI drop might not be significant because the US retail sales figures to be released tomorrow, November 15th, will be more important as they will provide a clearer picture of the economy's strength.

Meanwhile, the US dollar rose to its highest level in over a year against the Japanese yen in the last trading session, nearing the key psychological level of 152.

Markets have been wary of potential intervention from the Tokyo government to bolster the weakening Japanese yen. Earlier in Japan, Finance Minister Shunichi Suzuki said the government would continue to monitor the currency market and respond appropriately.

Accordingly, the US dollar rose 0.12% against the Japanese yen, currently trading at 151.680 yen. The yen has fallen nearly 14% against the US dollar this year.

In other developments, the euro rose 0.15% against the dollar, reaching $1.0697, while the British pound also recovered following a reshuffle of key positions in the British government by Prime Minister Rishi Sunak.

Exchange rate movements in the global market.

Comment (0)