Exchange rates of USD, EUR, CAD, Japanese Yen, British Pound... Fed has many mixed messages, greenback slightly decreases, waiting and seeing

Foreign exchange rates today, November 2: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Fed sends mixed messages, greenback falls slightly, wait-and-see. Yen rises slightly. *New import-export rates

Tỷ giá ngoại tệ hôm nay 2/11: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... Fed cứng rắn, đồng bạc xanh tăng mạnh trở lại

Foreign exchange rates today, November 2: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Fed sends mixed messages, greenback falls slightly, wait-and-see attitude. (Source: Reuters)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 2 was announced by the State Bank at 24,099 VND/USD, an increase of 10 VND/USD compared to the previous day.

Domestic market:

Vietcombank :

USD exchange rate for buying is 24,390 VND/USD, selling is 24,760 VND/USD.

EUR exchange rate for buying is 25,394 VND/EUR and selling is 26,788 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,440 VND/USD, selling is 24,740 VND/USD.

EUR exchange rate for buying is 25,589 VND/EUR, selling is 26,791 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 November 2-8
1	EUR	Euro	25,394.61	26,788.41	25,457.26
2	JPY	Japanese Yen	158.87	168.17	159.23
3	GBP	British Pound	29,206.55	30,449.58	29,239.23
4	AUD	Australian Dollar	15,393.94	16.049.10	15,257.97
5	CAD	Canadian Dollar	17,329.40	18,066.94	17,356.44
6	RUB	Russian Ruble	252.71	279.77	258.48
7	KRW	Korean Won	15.82	19.18	17.74
8	INR	Indian Rupee	294.59	306.39	289.28
9	HKD	Hong Kong Dollar (China)	3,063.77	3,194.17	3,078.82
10	CNY	Chinese Yuan China	3,291.21	3,431.81	3,291.30

(Source: State Bank and commercial banks)

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 by 0.07% to 106.63.

The greenback exchange rate in the world today decreased. The Japanese Yen increased slightly.

The greenback fell against most other currencies in the last trading session, after a statement from US Federal Reserve Chairman Jerome Powell after a two-day policy meeting showed that the US central bank may have completed its interest rate hike.

As expected, the Federal Open Market Committee (FOMC) decided to maintain the interest rate policy at 5.25% - 5.50%. However, the possibility of the Fed continuing to raise interest rates cannot be ruled out, as the agency has acknowledged the unexpected recovery of the US economy despite the strong interest rate tightening over the past year.

However, Powell's remarks at a press conference after the Fed concluded its November policy meeting sent mixed messages, leaving investors skeptical that the Fed will only raise interest rates one more time.

Powell said the Fed has a long way to go to get inflation back to 2%, stressing that the economic recovery and labor demand could warrant further rate increases. However, he noted that financial conditions have clearly tightened and there are risks.

“The most notable point in his comments was the risks around Fed interest rate policy, which signals the barriers to raising rates, especially after two consecutive meetings without any policy action,” said Charlie Ripley, senior investment strategist at Allianz Investment Management in Minneapolis.

The DXY index initially rose after the Fed statement, then reversed to slightly lower.

The Fed also affirmed that with steady job growth and inflation remaining high, the US Central Bank will continue to consider additional appropriate policies to bring inflation back to 2%. This has reinforced the view that the Fed has completed raising policy interest rates and will begin cutting interest rates in June next year.

Data released on November 1 also showed a slowdown in the world's largest economy, while US manufacturing activity contracted sharply in October due to a decline in new orders and employment. In addition, the ADP National Employment Report showed that private payrolls increased slightly by 113,000 jobs in October, after gaining 89,000 jobs in September.

In another development, compared to the Japanese Yen, the USD decreased by 0.6% to 150.89/USD.

Source