USD, EUR, CAD, Japanese Yen, British Pound exchange rates, exchange rates... Fears of widespread tension in Gaza Strip, the greenback turns around

Foreign exchange rates today, October 10: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Fears of tensions in the Gaza Strip spreading, the greenback turned to decline.

Tỷ giá ngoại tệ hôm nay 10/10: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... Đồng bạc xanh phá vỡ đà tăng 11 tuần, bắt đầu giảm?

Foreign exchange rates today, October 10: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Fears of tensions in the Gaza Strip spreading, the greenback turned to decline. (Source: Reuters)

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 10 was announced by the State Bank at 24,063 VND/USD, an increase of 5 VND/USD.

Domestic market: At Commercial Banks on the morning of October 10, specifically as follows:

Vietcombank :

USD exchange rate for buying is 24,180 VND/USD, selling is 24,550 VND/USD.

EUR exchange rate for buying is 25,013 VND/EUR and selling is 26,386 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,220 VND/USD, selling is 24,520 VND/USD.

EUR exchange rate for buying is 25,219 VND/EUR; selling is 26,402 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 5-12
1	EUR	Euro	25,115.80	26,494.67	25,185.68
2	JPY	Japanese Yen	159.38	168.71	161.42
3	GBP	British Pound	29,087.57	30,325.97	29,029.65
4	AUD	Australian Dollar	15,248.11	15,897.30	15,185.59
5	CAD	Canadian Dollar	17,495.03	18,239.87	17,813.93
6	RUB	Russian Ruble	236.13	261.42	242.44
7	KRW	Korean Won	15.66	19.08	17.68
8	INR	Indian Rupee	292.06	303.76	289.29
9	HKD	Hong Kong Dollar (China)	3,034.72	3,163.92	3,075.68
10	CNY	Chinese Yuan China	3,274.90	3,414.84	3,298.86

(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 106.08.

The greenback exchange rate today in the world began to decrease compared to other major currencies, but still increased more than the Euro.

The US dollar fell against other currencies but rose against the euro, as ongoing military clashes between Israel and Hamas raised concerns that tensions could spread beyond the Gaza Strip.

On October 9, Israeli Prime Minister Benjamin Netanyahu said that his country's response to Hamas' multi-pronged attack from the Gaza Strip on the Jewish state would "change the Middle East."

Israel says it has called up 300,000 reservists and is imposing a blockade on the entire Gaza Strip, signaling it could launch a ground offensive in response to a weekend offensive by Hamas.

At the moment, there are also many conflicting opinions. Expert Brad Bechtel, an analyst from Jefferies in New York (USA), commented: "The reality is that geopolitical events often have a very short-term impact on the market."

But Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, said that as long as the conflict is resolved within Israel and Hamas, “we can turn our focus to economic fundamentals.”

“I still don’t believe that geopolitical developments will drive the market,” Mr. Chandler stressed.

The dollar had earlier strengthened after data released late last week showed that U.S. jobs increased at their fastest pace in eight months in September. In addition, net long positions in the dollar rose to their highest level in a year, according to data released late last week by the U.S. Commodity Futures Trading Commission.

However, investors do not expect another rate hike from the US Federal Reserve (Fed) in November, according to CME Group. Futures are pricing in an 88.6% probability that Fed policymakers will leave rates unchanged at their November policy meeting.

The DXY index posted its first weekly decline last week, after 11 consecutive weeks of gains.

Elsewhere, the euro fell 0.19% to $1.0566. Data released on October 9 showed that German industrial production fell less than expected in August, raising concerns about a recession in the eurozone.

Meanwhile, the Japanese Yen increased by more than 0.57% to 148.4/USD.

Source