Exchange rates of USD, EUR, CAD, Japanese Yen, British Pound... the greenback continues to increase

Foreign exchange rates today, October 16: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... CPI increased sharply, the greenback turned to increase sharply.

Tỷ giá ngoại tệ hôm nay 16/10: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh... Lãi suất trái phiếu kho bạc phục hồi, đồng bạc xanh tiếp tục đà tăng

Foreign exchange rates today October 16: USD, EUR, CAD, Japanese Yen, British Pound... greenback continues to increase.

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 16 was announced by the State Bank at 24,013 VND/USD, an increase of 18 VND/USD compared to October 15.

Domestic market: At commercial banks on the morning of October 16, specifically as follows:

Vietcombank :

USD exchange rate for buying is 24,245 VND/USD, selling is 24,615 VND/USD.

EUR exchange rate for buying is 25,106 VND/EUR and selling is 26,484 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,295 VND/USD, selling is 24,595 VND/USD.

EUR exchange rate for buying is 25,252 VND/EUR; selling is 26,433 VND/EUR.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from October 12-18
1	EUR	Euro	25,106.59	26,484.85	25,516.12
2	JPY	Japanese Yen	158.67	167.96	161.67
3	GBP	British Pound	29,038.95	30,275.14	29,583.10
4	AUD	Australian Dollar	15,045.86	15,686.36	15,456.95
5	CAD	Canadian Dollar	17,412.22	18,153.46	17,707.87
6	RUB	Russian Ruble	238.64	264.19	239.98
7	KRW	Korean Won	15.66	19.08	17.97
8	INR	Indian Rupee	292.94	304.67	289.11
9	HKD	Hong Kong Dollar (China)	3,045.96	3,175.63	3,078.59
10	CNY	Chinese Yuan China	3,277.17	3,417.19	3,299.15

(State Bank and commercial banks)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 106.67.

The greenback exchange rate on the world market continues to increase. The euro decreases.

Forecasting the greenback trend this week

Last week's recovery helped the greenback avoid the risk of a prolonged correction.

The DXY index had a volatile trading week. The DXY index and US Treasury yields fell in the first half of the week and recovered in the second half of the week after the inflation data was released. The index rebounded from a low of 105.54 and closed the week above 106.

Accordingly, the Consumer Price Index (CPI) - a measure of US inflation - was higher than market expectations, with an increase of 3.7% (year-on-year) in September, contrary to market expectations of an increase of 3.6%. Core CPI was in line with market expectations at 4.1%.

Experts say the rebound from the low of 105.54 is a positive sign. That reduces the possibility of a correction to the 105-104 level mentioned last week. The support level for the DXY Index this week is 106, if it breaks above 106, it could rise to the 107-107.50 zone this week. That would also keep the medium-term bullish view intact, towards the 108 level. On the contrary, the DXY Index will be under downward pressure and could be pulled down to the 105.50-105 zone, or even to 104.

Meanwhile, the euro has fallen sharply from a high of 1.0640. Therefore, the recovery correction is over and a broader downtrend is likely to take place in the medium term. The euro could fall to 1.04, which is a very important support level for the currency. A break of 104 could drag it down to 1.03 and even lower. The 1.06 level could now act as a good resistance level.

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