Exchange rates of USD, Euro, AUD, CAD, Japanese Yen, British Pound... The greenback is "waiting" for the Fed's move

Foreign exchange rates today April 12: USD, Euro, AUD, CAD, Japanese Yen, British Pound... (Source: Reuters)

Foreign exchange rates today April 12

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of April 12 was announced by the State Bank at 23,608 VND/USD, an increase of 2 VND compared to yesterday.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,788 VND/USD and the floor rate is 22,428 VND/USD.

At commercial banks, this morning, the USD price increased, while the Chinese Yuan (CNY) decreased.

At 8:45 a.m., at Vietcombank , the greenback price was listed at 23,260 - 23,630 VND/USD (buy - sell), an increase of 10 VND in both buying and selling compared to yesterday.

The listed CNY price is 3,335 - 3,479 VND/CNY (buy - sell), down 3 VND in the buying direction and 2 VND in the selling direction compared to yesterday.

Similarly, the USD price at BIDV is listed at 23,300 - 23,600 VND/USD (buy - sell), an increase of 5 VND in both buying and selling compared to yesterday.

The price of CNY at this bank is listed at 3,349 - 3,462 VND/CNY (buy - sell), down 6 VND for buying and 5 VND for selling 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 April 6 - 12 (to illuminate)
1	EUR	Euro	24,858.37	26,250.35	25,867.79
2	JPY	Japanese Yen	171.04	181.07	179.56
3	GBP	British Pound	28,340.37	29,548.87	29,523.74
4	AUD	Australian Dollar	15,228.04	15,877.40	15,884.15
5	CAD	Canadian Dollar	16,934.35	17,656.47	17,549.26
6	RUB	Russian Ruble	273.29	302.58	297.18
7	KRW	Korean Won	15.38	18.74	18.01
8	INR	Indian Rupee	285.38	296.82	287.4
9	HKD	Hong Kong Dollar (China)	2,911.35	3,035.49	3,006.7
10	CNY	Chinese Yuan China	3,349.00	3,462.00	3,431.52

(Source: State Bank, Vietcombank)

Exchange rate developments in the world market

At the beginning of the trading session, in the US market, the DXY (US Dollar Index) measuring the fluctuations of the greenback against 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.44%, to 102.14.

Today on the world market, the exchange rate of the greenback and the Japanese Yen decreased, the Euro increased.

Specifically, the USD decreased in the last trading session, as investors waited for US inflation data to get more clues about the US Federal Reserve's (Fed) interest rate hike roadmap.

Consumer price data due out on Wednesday (April 12) is expected to show headline inflation rose 0.2% in March, while core inflation rose 0.4%.

The Fed is widely expected to raise interest rates by 25 basis points at its May 2-3 meeting, before pausing in June. Markets are also pricing in a rate cut later this year, amid concerns about a US recession, although bank officials have stressed the need to keep rates high to keep inflation in check.

Strong March jobs data has fueled expectations that the Fed will complete another round of rate hikes. In addition, data released on April 7 showed that employers added 236,000 jobs, while the unemployment rate fell to 3.5%.

On April 11, New York Fed President John Williams emphasized the prospect of the US central bank raising its benchmark interest rate only once more, with an increase of 25 basis points. However, the Fed's policy path will depend on upcoming data.

Meanwhile, Chicago Fed President Austan Goolsbee said the US central bank should be cautious about raising interest rates in the face of recent banking stress.

Elsewhere, the greenback edged higher against the Japanese yen, after surging on April 11 when Bank of Japan Governor Kazuo Ueda signaled continued support for a massive stimulus package.

Accordingly, the USD increased by 0.08% against the Japanese Yen, currently at 133.73, while the Euro increased by 0.41%, reaching 1.0906 USD.

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