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| Foreign exchange rates today, October 18: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... US retail sales increase, greenback decreases. (Source: Reuters) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 18 was announced by the State Bank at 24,096 VND/USD, an increase of 3 VND/USD compared to yesterday.
Domestic market: At commercial banks on the morning of October 18, specifically as follows:
USD exchange rate for buying is 24,345 VND/USD, selling is 24,645 VND/USD.
EUR exchange rate for buying is 25,398 VND/EUR and selling is 26,592 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,325 VND/USD, selling is 24,625 VND/USD.
EUR exchange rate for buying is 25,355 VND/EUR; selling is 26,548 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 | 25,200.57 | 26,583.91 | 25,516.12 |
| 2 | JPY | Japanese Yen | 158.94 | 168.25 | 161.67 |
| 3 | GBP | British Pound | 29,028.03 | 30,263.66 | 29,583.10 |
| 4 | AUD | Australian Dollar | 15,166.64 | 15,812.23 | 15,456.95 |
| 5 | CAD | Canadian Dollar | 17,482.63 | 18,226.82 | 17,707.87 |
| 6 | RUB | Russian Ruble | 237.75 | 263.21 | 239.98 |
| 7 | KRW | Korean Won | 15.63 | 19.04 | 17.97 |
| 8 | INR | Indian Rupee | 293.34 | 305.09 | 289.11 |
| 9 | HKD | Hong Kong Dollar (China) | 3,050.48 | 3,180.33 | 3,078.59 |
| 10 | CNY | Chinese Yuan China | 3,280.96 | 3,421.13 | 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) decreased by 0.04% to 106.20.
The greenback exchange rate in the world today decreased, the Euro increased and the Japanese Yen decreased.
Specifically, the USD slightly decreased in the last trading session after data showed that US retail sales increased more than expected in September, in the context that investors are focusing on a series of speeches by US Federal Reserve (Fed) officials.
US retail sales rose 0.7% last month, as households boosted auto purchases and spent more at restaurants and bars.
“The view that the US economy slowed in the fourth quarter is that consumers will cut back on spending after boosting spending in the third quarter,” said Marc Chandler, chief market strategist at Bannockburn Global Forex.
Despite the strong sales numbers, Jeffrey Roach, chief economist at LPL Financial, noted that there are some headwinds affecting the U.S. consumer. “Investors need to look at the sales numbers to get a better picture of the consumer. Increased credit utilization and early signs of delinquencies could dampen spending,” he noted.
Other data released on Tuesday showed that output at US factories rose more than expected in September, despite strikes in the auto industry.
Investors are focusing on speeches this week from Fed officials, including Fed Chairman Jerome Powell tomorrow, October 19, for further “clues” on interest rate policy.
Traders are assessing whether the U.S. central bank will raise interest rates again in an effort to get inflation back closer to its 2% target. Fed funds futures traders are pricing in a 43% chance of another rate hike this year, but only a 12% chance of a rate hike next month, according to CME Group's FedWatch Tool.
In other developments, the EUR increased by 0.08% to 1.0569 USD.
The Japanese yen weakened back near 150, closing the session at 149.77, leaving investors wary of possible intervention by the Japanese government in monetary policy.
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