USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... US economy is positive, paving the way for the greenback to increase

Foreign exchange rates today, October 4: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... US economy is positive, paving the way for the greenback to increase. Japanese Yen increases. *New import-export exchange rates

Tỷ giá ngoại tệ hôm nay 4/10: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... kinh tế Mỹ khả quan, mở đường cho đồng bạc xanh tăng

Foreign exchange rates today, October 4: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... US economy is positive, paving the way for the greenback to increase. (Source: Reuters)

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 4 was announced by the State Bank at 24,085 VND/USD, an increase of 20 VND/USD compared to yesterday.

Domestic market: At Commercial Banks on the morning of October 4, specifically as follows:

Vietcombank :

USD exchange rate for buying is 24,210 VND/USD, up 90 VND/USD, selling is 24,580 VND/USD, up 90 VND/USD compared to yesterday.

EUR exchange rate for buying is 24,873 VND/EUR, down 171 VND/EUR and selling is 26,238 VND/EUR, down 181 compared to yesterday.

BIDV Bank:

The buying USD exchange rate is 24,280 VND/USD, up 80 VND/USD, the selling rate is 24,580 VND/USD, also up 80 VND/USD compared to yesterday.

EUR buying rate is 25,069 VND/EUR, up 42 VND/EUR; selling rate is 26,248 VND/EUR, up 50 VND/EUR 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 October 5 to October 11
1	EUR	Euro	24,873.21	26,238.71	25,185.68
2	JPY	Japanese Yen	158.99	168.29	161.42
3	GBP	British Pound	28,676.26	29,897.08	29,029.65
4	AUD	Australian Dollar	15,005.27	15,855.73	15,185.59
5	CAD	Canadian Dollar	17,354.29	18,093.11	17,813.93
6	RUB	Russian Ruble	233.80	258.83	242.44
7	KRW	Korean Won	15.49	18.87	17.68
8	INR	Indian Rupee	292.39	304.10	289.29
9	HKD	Hong Kong Dollar (China)	3,037.91	3,167.24	3,075.68
10	CNY	Chinese Yuan China	3,274.49	3.414.41	3,298.86

(State Bank and other 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 0.17% to 107.08.

The greenback exchange rate in the world today continues to increase, the Japanese Yen increases.

Specifically, the greenback continued to rise to its highest level since November 2022 compared to other currencies, but fell sharply against the Japanese Yen in the last trading session.

“The strength of the U.S. economy continues to surprise markets,” said Ronald Temple, chief market strategist at Lazard in New York. “The Fed’s rate-hike cycle may be over, but strong economic data could pave the way for additional rate hikes.”

For example, a better-than-expected U.S. jobs report late last week could bolster the Federal Reserve’s hawkish stance and boost the greenback, which is now on track for its 12th straight weekly gain against a basket of currencies.

Traders are pricing in a 27.7% chance of another rate hike in November and a 46.3% chance of a rate hike in December, according to CME Group's FedWatch Tool. Futures currently see the Fed funds rate remaining above 5% through September 2024.

Elsewhere, the US dollar initially rose but then fell sharply against the Japanese yen, after hitting the key 150 level for the first time since October 2022, raising market expectations of Japanese government intervention to stem the yen's decline.

The Japanese yen has been hit hard as the dollar has risen to a 10-month high, as the interest rate differential between the US and Japan has widened. Monetary authorities in Japan are implementing a policy of maintaining ultra-low borrowing costs.

Japanese Finance Minister Shunichi Suzuki said on October 3 that authorities were closely monitoring currency markets and were ready to respond. The move helped the dollar rise above 150 for the first time since October 2022, before falling to a low of 147.30 after the yen strengthened.

Source