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| Foreign exchange rates today, October 11: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Treasury bond yields fall, Greenback slides dramatically. (Source: Reuters) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 11 was announced by the State Bank at 24,065 VND/USD, an increase of 2 VND/USD.
Domestic market: At Commercial Banks on the morning of October 11, specifically as follows:
USD exchange rate for buying is 24,215 VND/USD, selling is 24,585 VND/USD.
EUR exchange rate for buying is 25,132 VND/EUR and selling is 26,512 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,250 VND/USD, selling is 24,550 VND/USD.
EUR exchange rate for buying is 25,404 VND/EUR; selling is 26,592 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 | 25,132.46 | 26,512.19 | 25,185.68 |
| 2 | JPY | Japanese Yen | 159.23 | 168.55 | 161.42 |
| 3 | GBP | British Pound | 29,085.34 | 30,323.58 | 29,029.65 |
| 4 | AUD | Australian Dollar | 15,214.57 | 15,862.29 | 15,185.59 |
| 5 | CAD | Canadian Dollar | 17,490.82 | 18,235.45 | 17,813.93 |
| 6 | RUB | Russian Ruble | 232.87 | 257.80 | 242.44 |
| 7 | KRW | Korean Won | 15.65 | 19.06 | 17.68 |
| 8 | INR | Indian Rupee | 292.38 | 304.09 | 289.29 |
| 9 | HKD | Hong Kong Dollar (China) | 3,041.64 | 3,171.13 | 3,075.68 |
| 10 | CNY | Chinese Yuan China | 3,277.14 | 3,417.17 | 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 0.31% to 105.77.
The greenback exchange rate in the world today decreased sharply; EUR increased, Japanese Yen decreased.
The US dollar continued to decline in the last trading session, due to a sharp drop in Treasury bond yields following comments from US Federal Reserve (Fed) officials.
Accordingly, the US benchmark 10-year Treasury bond fell from its October 9 high of 4.887% to its intraday low of 4.618%, after Atlanta Fed President Raphael Bostic said the US Central Bank did not need to raise interest rates any further.
There is no prospect of a recession even if the Fed's rate hikes slow the economy and simultaneously curb inflation, Bostic told the American Bankers Association.
Mr. Bostic's response comes amid the escalating conflict in the Gaza Strip, said Mr. Joseph Trevisani, senior analyst at FXStreet in New York.
Analysts also said the initial decline in US yields was driven by comments from Fed officials who suggested that, amid rising long-term yields, further rate hikes may not be necessary, and by traders seeking safe-haven assets following the conflict between Hamas and Israel.
Traders are now awaiting key US inflation data due out later today, October 11. Investors are also keeping an eye on any developments surrounding the conflict between Israel and the Palestinian Islamist group Hamas.
Meanwhile, the EUR increased 0.3% against the USD, reaching 1.0604 USD.
The Japanese yen fell 0.13 percent against the greenback to 148.68 per dollar. The Japanese currency rebounded after Kyodo News reported that the Bank of Japan was considering raising its forecast for core consumer inflation this year. However, the currency reversed course shortly after.
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