 |
| Foreign exchange rates today, October 17: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The greenback fell because of whether the Fed will raise interest rates in the final term. (Source: Untitled) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 17 was announced by the State Bank at 24,093 VND/USD.
Domestic market: At commercial banks on the morning of October 17, specifically as follows:
USD exchange rate for buying is 24,260 VND/USD, selling is 24,630 VND/USD.
EUR exchange rate for buying is 25,071 VND/EUR and selling is 26,448 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 | 25,071,96 | 26,448.29 | 25,516.12 |
| 2 | JPY | Japanese Yen | 159.01 | 168.32 | 161.67 |
| 3 | GBP | British Pound | 28,966.22 | 30,199.29 | 29,583.10 |
| 4 | AUD | Australian Dollar | 15,059.86 | 15,700.95 | 15,456.95 |
| 5 | CAD | Canadian Dollar | 17,470.16 | 18,213.85 | 17,707.87 |
| 6 | RUB | Russian Ruble | 238.25 | 263.76 | 239.98 |
| 7 | KRW | Korean Won | 15.61 | 19.02 | 17.97 |
| 8 | INR | Indian Rupee | 293.00 | 304.73 | 289.11 |
| 9 | HKD | Hong Kong Dollar (China) | 3,048.19 | 3,177.94 | 3,078.59 |
| 10 | CNY | Chinese Yuan China | 3,277.74 | 3,417.70 | 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 0.44% to 106.21.
The greenback exchange rate in the world today decreased, the Euro increased.
The greenback turned slightly lower at the beginning of the week, ahead of a series of speeches by US Federal Reserve officials this week that will provide a clearer view of interest rate policy in the coming time.
Traders are betting on whether the US central bank will raise interest rates again, in an effort to bring inflation back closer to its 2% annual target.
“The market will be focused on whether the economy is likely to pick up speed early next year and whether that will create inflationary pressures,” said Edward Moya, senior market analyst at OANDA in New York. “The market is increasingly confident that the Fed is done raising rates, but we need to keep a close eye on the geopolitical developments around the world.”
Fed Chairman Jerome Powell will give a keynote speech on October 19, followed by a series of speeches by regional bank leaders.
Earlier, Chicago Fed President Austan Goolsbee said that it was “undeniable” that inflation in the US had cooled, despite a series of recent unfavorable economic data.
According to CME Group's FedWatch Tool, Fed funds futures traders are pricing in a 33% chance the Fed will raise interest rates again this year.
Bank of America analysts Athanasios Vamvakidis and Michalis Rousakis last week expressed skepticism about the greenback's gains in recent weeks.
In another development, the Euro rose 0.40% to $1.0554.
Meanwhile, the dollar was steady against the Japanese yen at 149.55, near the key 150 level. Some traders see the possibility of Japanese authorities intervening to support the currency's rise. Japan's top currency diplomat Masato Kanda said late last week that authorities would take appropriate action in the face of excessive yen volatility.
Source
Comment (0)