USD, EUR, CAD, Japanese Yen, British Pound exchange rates, exchange rates... CPI increases sharply, greenback turns to increase sharply

Foreign exchange rates today, October 13: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... CPI increased sharply, the greenback turned to increase sharply. *There is news about new XMK exchange rates

Tỷ giá ngoại tệ hôm nay 13/10: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... Lo ngại về những rủi ro suy thoái, Đồng bạc xanh lại giảm

Foreign exchange rates today, October 13: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... CPI increased sharply, the greenback turned to increase sharply. (Source: Reuters)

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 13 was announced by the State Bank at 24,077 VND/USD, an increase of 10 VND/USD.

Domestic market: At commercial banks on the morning of October 13, specifically as follows:

Vietcombank :

USD exchange rate for buying is 24,280 VND/USD, selling is 24,650 VND/USD.

EUR exchange rate for buying is 25,137 VND/EUR and selling is 26,517 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,330 VND/USD, selling is 24,630 VND/USD.

EUR exchange rate for buying is 25,332 VND/EUR; selling is 26,523 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	25,137.80	26,517.70	25,516.12
2	JPY	Japanese Yen	158.80	168.10	161.67
3	GBP	British Pound	29,082.95	30,320.94	29,583.10
4	AUD	Australian Dollar	15,076.96	15,718.75	15,456.95
5	CAD	Canadian Dollar	17,434.62	18,176.77	17,707.87
6	RUB	Russian Ruble	238.39	263.91	239.98
7	KRW	Korean Won	15.68	19.10	17.97
8	INR	Indian Rupee	293.26	305.00	289.11
9	HKD	Hong Kong Dollar (China)	3,049.90	3,179.73	3,078.59
10	CNY	Chinese Yuan China	3,280.83	3,421.00	3,299.15

(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) increased by 0.75% to 106.57.

The greenback exchange rate in the world today increased strongly again, the Euro and the British Pound were in opposite directions.

Specifically, the greenback increased sharply in the last trading session, after newly released data showed that US consumer prices increased more than expected in September, due to high rental costs, increasing the prospect that the US Federal Reserve (Fed) will maintain high interest rates for a longer period.

The US Department of Labor reported on October 12 that the annual increase in consumer prices in September was the lowest in two years, but saw a surprise increase in rental costs. Accordingly, the Consumer Price Index rose 0.4% in September, of which housing costs increased 0.6%.

While many investors are unconcerned about rising rents, others believe the Fed has not yet accomplished its mission of bringing inflation down to its 2% target.

“This data supports the view that interest rates are likely to remain fairly high for a long time until the Fed can really get a handle on inflation,” said Douglas Porter, chief economist at BMO Capital Markets in Oakville, Canada. “Getting inflation back to 2% is not going to be easy.”

Bipan Rai, head of North American FX strategy at CIBC Capital Markets in Toronto, said the Fed is preparing to raise rates again, most likely in December. Meanwhile, Thierry Wizman, global FX and interest rate strategist at Macquarie in New York, said: “Because the Fed makes decisions based on actual numbers, this is a bit worrying.”

Previously, on October 11, Fed officials also pointed out the uncertainties surrounding the US economy, emphasizing the need to be cautious before any future policy decisions related to interest rates.

The greenback's recent decline has been driven by falling Treasury yields, as bond prices rose on the Fed's more “dovish” stance on future rate hikes.

Elsewhere, the euro fell 0.85 percent to $1.0527, while the Japanese yen slipped near the key 150 level, down 0.43 percent to $149.81.

The British pound fell 1.15% to $1.2174 in the last trading session.

Source