USD, Euro, AUD, CAD, Japanese Yen, British Pound... Silicon Valley Bank Collapses, Greenback 'Disappointed'

Tỷ giá ngoại tệ hôm nay 13/3: Tỷ giá USD, Euro, AUD, CAD, Yen Nhật, Bảng Anh...Ngân hàng Thung lũng Silicon sụp đổ, đồng bạc xanh ‘thất vọng’ giảm giá

Foreign exchange rates today, March 13: USD, Euro, AUD, CAD, Japanese Yen, British Pound... Silicon Valley Bank collapses, the greenback 'disappointingly' depreciates. (Source: Reuters)

Foreign exchange rates today 13/3

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of March 13 was announced by the State Bank at 23,638 VND/USD, down 1 VND compared to Friday, March 10.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,823 VND/USD and the floor rate is 22,459 VND/USD.

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

At 8:45 a.m., at Vietcombank , the greenback price was listed at 23,480 - 23,850 VND/USD (buy - sell), down 10 VND in both buying and selling compared to the end of last week.

The listed CNY price is 3,360 - 3,504 VND/CNY (buy - sell), an increase of 28 VND for buying and 30 VND for selling compared to the end of last week.

The USD price at BIDV is listed at 23,520 - 23,820 VND/USD (buy - sell), down 15 VND in both buying and selling compared to last weekend.

The CNY price at this bank is listed at 3,370 - 3,486 VND/CNY (buy - sell), an increase of 25 VND for buying and 28 VND for selling compared to the end of last week.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from 9/3 to 15/3 (to illuminate)
1	EUR	Euro	24,402.22	25,768.25	24,903.40
2	JPY	Japanese Yen	168.81	178.71	171.72
3	GBP	British Pound	27,524.85	28,698.13	27,930.66
4	AUD	Australian Dollar	15,168.07	15,814.63	15,582.94
5	CAD	Canadian Dollar	16,645.61	17,355.15	17,174.42
6	RUB	Russian Ruble	296.56	328.33	310.97
7	KRW	Korean Won	15.46	18.84	17.89
8	INR	Indian Rupee	287.76	299.30	287.74
9	HKD	Hong Kong Dollar (China)	2,938.61	3,063.87	3,010.48
10	CNY	Chinese Yuan China	3,370.00	3,486.00	3,393.06

(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) fell to 104.64 (mark 105.26 on March 10).

Today, March 13, in the world market, the USD exchange rate decreased, the Euro was stable.

The US dollar failed to maintain its upward momentum and fell to 105. The resistance level of 106 mentioned last week held very well. US Treasury yields fell sharply last week as the market turned risk-averse following the collapse of Silicon Valley Bank. This unexpected development in the US changed the market's expectations of interest rate hikes.

Federal Reserve Chairman Jerome Powell last week highlighted the possibility of faster and more aggressive rate hikes in the future, raising expectations that the Fed would deliver a 50 basis point rate hike this month. But after the Silicon Valley Bank collapse, markets now expect the Fed to slow down and raise rates by just 25 basis points.

As expected, the DXY is trading in the 104-106 range. As mentioned last week, we have to wait for a breakout on either side of the 104-106 range to get a better idea of the Fed’s next move. If the index breaks below 104, the greenback will be bearish in the short term. The DXY could fall to 102 and even lower. Conversely, if the index breaks above 106, a rise to 108 is entirely possible. However, considering the current scenario, the greenback is waiting for a ‘midwife’ to break above 106.

Elsewhere, the euro has remained steady, trading in the 1.05-1.07 range over the past week. A break above 1.07 could push the euro up to 1.09 and 1.10 again. However, if the euro slides below 1.05, it could fall to 1.04-1.0350.