USD exchange rate on May 10th: Investors await new signals from the FED.

On the morning of May 10th, the central exchange rate at the State Bank of Vietnam remained at 25,112 VND/USD, while the USD continued to face downward pressure in the international market due to improved risk appetite and expectations of easing tensions in the Middle East.

Specifically, the reference USD exchange rate at the State Bank of Vietnam is listed at 23,907 VND/USD for buying and 26,317 VND/USD for selling. With a 5% margin, commercial banks are allowed to trade USD within the range of 23,856 - 26,367 VND/USD.

On the free market, the USD/VND exchange rate is commonly around 26,420 - 26,470 VND/USD, a decrease of 30 VND in both directions compared to the previous session. At major commercial banks, Vietcombank listed the USD at 26,087 - 26,367 VND/USD, BIDV traded at 26,117 - 26,367 VND/USD, while Techcombank listed it at 26,038 - 26,367 VND/USD.

The exchange rates for other major foreign currencies in the international payment basket at Vietcombank are listed as follows:

On the international market, the USD Index (DXY) fell to 97.9 points, after briefly dropping to 97.623 points earlier this week, its lowest level since February 27. The index is heading for its second consecutive week of decline.

The dollar's recovery was somewhat limited after the Wall Street Journal reported that Iran had not accepted the US proposal regarding the reopening of the Strait of Hormuz. However, market sentiment eased somewhat as expectations of a de-escalation of conflict in the Middle East increased, causing capital to gradually flow back into riskier assets instead of seeking the USD as a safe haven.

The USD Index (DXY) fell to 97.9 points.

In their newly released report, Morgan Stanley strategists continue to maintain a pessimistic view on the US dollar. According to this analytical team, improved risk appetite coupled with a rising risk premium could push the DXY down to the 95-point region in the coming months.

Conversely, released data showed that the US labor market remained stable, with the number of new jobs in April increasing more sharply than expected, and the unemployment rate remaining at 4.3%. This information reinforces expectations that the Federal Reserve (FED) will not rush to adjust interest rates in the short term.

However, analysts believe the market is becoming less responsive to individual jobs reports due to the volatile monthly data. Chapman from Ballinger Group commented that the overall trend in the US labor market remains weakening, increasing the likelihood that the Fed will keep interest rates unchanged this year.

Source: https://hanoimoi.vn/ty-gia-usd-ngay-10-5-gioi-dau-tu-cho-tin-hieu-moi-tu-fed-749191.html