Exchange rates of USD, EUR, CAD, Japanese Yen, British Pound... Waiting for the 'G hour' of the Conference, the bond market and the greenback increased sharply

Foreign exchange rates today, August 25: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Waiting for the 'G hour' of the Conference, the bond market and the greenback increased sharply. The British Pound and Japanese Yen decreased *New import-export exchange rates

Tỷ giá ngoại tệ hôm nay 25/8: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... Dấu hiệu kinh tế Mỹ ảm đạm, đồng bạc xanh giảm

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of August 25 was announced by the State Bank at 23,942 VND/USD, an increase of 44 VND compared to yesterday.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 25,274 VND/USD and the floor rate is 22,884 VND/USD.

At commercial banks, this morning, the USD price continued to increase, while the Chinese Yuan (CNY) fluctuated in opposite directions.

At 8:15, at BIDV , the greenback price was listed at 23,845 - 24,145 VND/USD (buy - sell), an increase of 5 VND in both buying and selling compared to yesterday.

The price of CNY at this bank is listed at 3,244 - 3,352 VND/CNY (buy - sell), an increase of 27 VND in buying and 27 VND in selling compared to yesterday.

The USD price at Vietcombank is listed at 23,800 - 24,170 VND/USD (buy - sell), unchanged from yesterday.

The listed CNY price is 3,229 - 3,367 VND/CNY (buy - sell), down 1 VND in both buying and selling compared to yesterday.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from August 24-30
1	EUR	Euro	25,243.13	26,655.62	25,936.50
2	JPY	Japanese Yen	159.83	169.20	164.01
3	GBP	British Pound	29,447.59	30,702.11	30,453.22
4	AUD	Australian Dollar	14,998.56	15,637.52	15,373.58
5	CAD	Canadian Dollar	17,218.32	17,951.85	17,649.93
6	RUB	Russian Ruble	244.26	270;42	253.07
7	KRW	Korean Won	15.64	19.05	17.87
8	INR	Indian Rupee	289.81	301.42	288.07
9	HKD	Hong Kong Dollar (China)	2,982.69	3,109.76	3,049.46
10	CNY	Chinese Yuan China	3,229.00	3,367.00	3,282.06

(Source: State Bank, Vietcombank)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY), which measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), increased 0.56% to 103.99.

The greenback exchange rate in the world today increased sharply. The British Pound and Japanese Yen decreased.

On August 24, the USD unexpectedly increased again before the Jackson Hole Symposium.

Investors are all waiting for the speech of the Chairman of the US Federal Reserve (Fed) Jerome Powell at the Conference, taking place at 10am today, August 25 (US time), to find clues about the prospect of raising interest rates.

“I think what we’re seeing is largely a repositioning ahead of Jackson Hole,” said Stuart Cole, chief macro economist at Equiti Capital in London. “Powell’s actions are still unclear, so the dollar remains a safe haven at this point.”

Philadelphia Fed President Patrick Harker and Boston Fed President Susan Collins expressed their delight on August 24 at the surge in bond market yields as it could help return inflation to the 2% target, noting that they see no need to raise interest rates further.

The number of Americans filing new claims for unemployment benefits fell last week, data showed on August 24, as the labor market remained tight despite the Fed's aggressive interest rate hikes.

“I think the jobless claims numbers may have also provided some support to the dollar, despite the downward revision to payrolls,” Cole said.

Elsewhere, the DXY index rose 0.56% to 103.99, its highest since June 8. Meanwhile, the British pound fell 1.03% to $1.26085, a near two-month low, a day after data showed a decline in UK business activity in August.

UK factory output fell, pushing the economy into recession and dampening market expectations for further interest rate hikes by the Bank of England.

The Japanese Yen remains under pressure as traders watch for any signs that the Japanese government is ready to intervene to support the currency, as it did last year.

The dollar rose 0.7 percent against the Japanese yen, not far from a nine-month high of 146.565 hit last week.

Source