USD, EUR, Japanese Yen, British Pound exchange rates, exchange rates... Fed 'soft landing', greenback slightly increases

Foreign exchange rates today, September 21: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Fed "soft landing", greenback slightly increased. On the contrary, British Pound and Japanese Yen both decreased.* New import-export exchange rates

Tỷ giá ngoại tệ hôm nay 21/9: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... Fed ‘hạ cánh mềm’ không tăng lãi suất, đồng bạc xanh tăng n

Foreign exchange rates today, September 21: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Fed "soft landing", greenback increases slightly. (Source: stock.adobe)

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) announced by the State Bank on the morning of September 21 was 24,063, down 16 VND compared to yesterday.

Domestic market: At Commercial Banks on the morning of September 21, specifically as follows:

Vietcombank :

The buying USD exchange rate is 24,110, down 65 VND/USD, the selling rate is 24,480 VND/USD, also down 65 VND/USD compared to the previous day.

The EUR buying rate is 25,318 VND/EUR, down 39 VND/EUR, and the selling rate is 26,734 VND/EUR, down 41 VND/EUR compared to the end of last week.

BIDV Bank:

The buying USD exchange rate is 24,130 VND/USD, down 120 VND/USD, the selling rate is 24,430 VND/USD, also down 120 VND/USD compared to the previous day.

EUR buying rate is 25,347 VND/EUR, down 239 VND/EUR; selling rate is 26,535 VND/EUR, down 253 VND/EUR compared to the previous day.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from September 21-27
1	EUR	Euro	25,318.39	26,734.51	25,713.96
2	JPY	Japanese Yen	160.09	162.92 162.77
3	GBP	British Pound	29,271.65	30,518.02	29,725.53
4	AUD	Australian Dollar	15,294.30	15,945.53	15,545.40
5	CAD	Canadian Dollar	17,618.59	18,368.79	17,909.26
6	RUB	Russian Ruble	239.53	265.18	248.82
7	KRW	Korean Won	15.81	19.26	18.09
8	INR	Indian Rupee	291.43	303.10	289.34
9	HKD	Hong Kong Dollar (China)	3,028.74	3,157.70	3,078.41
10	CNY	Chinese Yuan China	3,271.31	3,411.10	3,299.22

(Source: State Bank, 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 0.13% to 105.33.

The greenback exchange rate in the world today increased slightly, the Japanese Yen and the British Pound decreased.

Specifically, the greenback increased again in the last trading session, after the US Federal Reserve (Fed) decided to keep interest rates stable at its August policy meeting, while signaling an interest rate hike later this year, not now.

At this meeting, Fed policymakers decided to keep the interest rate unchanged at a range of 5.25% to 5%, the highest level in about 22 years. In addition, forecasts given in the Fed's dot plot show the possibility of the central bank raising interest rates once more this year, followed by two cuts in 2024.

Since it began tightening policy in March 2022, the Fed has projected dozens of rate hikes, including one planned for later this year.

“This is not a ‘pause,’ but a ‘skip,’” said Karl Schamotta, chief market strategist at Corpay in Toronto. “With the economy growing better than expected and inflation pressures still persistent, Fed officials chose to maintain a hawkish tone by leaving rates unchanged this month,” Schamotta noted, suggesting the Fed will achieve its goal of a “soft landing” in curbing inflation without sending the economy into recession.

Fed Chairman Jerome Powell said that while there are some issues beyond the central bank's control, it is unlikely that the Fed's aggressive rate hikes will send the economy into recession.

The yield on the two-year Treasury note hit a 17-year high on Sept. 20 after the Fed’s decision. “It looks like the Fed is trying to send the strongest signal possible,” said Gennadiny Goldberg, rates strategist at TD Securities.

In the longer term, Fed policymakers said the benchmark interest rate would be around 2.9% in 2026.

According to BofA Global Research, the recent recovery in the DXY index has put it on a bullish path, confirming the short-term bullish view on the currency.

Elsewhere, the pound was volatile, falling 0.28% to $1.2357, after data showed Britain's annual consumer price inflation (CPI) unexpectedly fell to 6.7% in August, a day before the Bank of England is expected to raise interest rates again.

The Japanese Yen fell 0.13% against the greenback, currently at 148.05/USD after the Fed's decision.

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