Exchange rates of USD, Euro, AUD, CAD, Japanese Yen, British Pound...; PPI unexpectedly drops, greenback hits rock bottom

Foreign exchange rates today, April 14: USD, Euro, AUD, CAD, Japanese Yen, British Pound...; PPI unexpectedly drops, greenback hits rock bottom. Illustrative photo. (Source: Reuters)

Foreign exchange rates today April 14

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of April 14 was announced by the State Bank at 23,588 VND/USD, down 18 VND, a sharp decrease compared to yesterday.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,778 VND/USD and the floor rate is 22,418 VND/USD.

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

At 8:30 a.m., at Vietcombank , the greenback price was listed at 23,245-23,615 VND/USD (buy-sell), down 15 VND in both buying and selling compared to yesterday.

The listed CNY price is 3,343-3,486 VND/CNY (buy-sell), unchanged from yesterday.

Similarly, the USD price at BIDV is listed at 23,290-23,590 VND/USD (buy-sell), down 10 VND in both buying and selling compared to yesterday.

The price of NDT at this bank is listed at 3,357-3,470 VND/NDT (buy-sell), an increase of 8 VND in both buying and selling compared to yesterday.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply import and export from April 13 - 19 (to illuminate)
1	EUR	Euro	25,252.81	26,666.89	25,787.02
2	JPY	Japanese Yen	171.97	182.06	176.65
3	GBP	British Pound	28,615.29	29,835.52	29,344.74
4	AUD	Australian Dollar	15,510.32	16,171.73	15,718.21
5	CAD	Canadian Dollar	17,140.31	17,871.22	17,545.89
6	RUB	Russian Ruble	273.08	302.34	286.85
7	KRW	Korean Won	15.60	19.01	17.79
8	INR	Indian Rupee	286.32	297.81	287.68
9	HKD	Hong Kong Dollar (China)	2,910.65	3,034.77	3,007.43
10	CNY	Chinese Yuan China	3,357.00	3,470.00	3,427.91

(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 0.49%, to 101.01.

Today in the world financial market, the greenback continued to fall, the Euro increased to its highest level since April 1.

Specifically, the greenback hit a two-month low in the last trading session, after US producer prices unexpectedly fell in March, boosting expectations that the US Federal Reserve (Fed) is about to end its interest rate hike cycle.

The producer price index (PPI) fell 0.5% in March. In the 12 months through March, the PPI rose 2.7%. That was the smallest annual increase since January 2021 and followed a 4.9% increase in February.

Earlier on April 12, inflation data for the Consumer Price Index (CPI) was released at 5% year-on-year in March, down from 6% in February. Core inflation - excluding volatile food and energy prices - rose to 5.6% in March from 5.5% in February.

Meanwhile, the number of Americans filing new claims for unemployment benefits rose more than expected last week, another sign that the labor market is loosening as higher borrowing costs dampen demand in the economy.

The next important US economic data will be retail sales, due out today, April 14, which will show how inflation is affecting consumer spending.

Elsewhere, the DXY index fell to 100.84 at one point, its lowest level since February 2. The euro hit $1.10680, its highest level since April 1, 2022.

The currency is backed by the European Central Bank (ECB), which is expected to continue raising interest rates to tackle inflation.

“The combination of falling US inflation and rising recession risks has boosted expectations for three Fed rate cuts this year, while the ECB remains fairly dovish with further rate hikes in the near term,” said global market strategist Ben Laidler.

The ECB needs to continue raising interest rates due to high core inflation and its next move could be a hike of 25 or 50 basis points, Governing Council member Bostjan Vasle said.

ECB policymaker Joachim Nagel also said: “Core inflation in the euro area will start to improve in the coming months, but the ECB has its own strategy for implementing monetary policy.”

Meanwhile, the greenback fell 0.32% against the Japanese Yen to 132.77.

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