USD, EUR, CAD, Japanese Yen, British Pound, exchange rates...; Greenback falls in short term

Foreign exchange rates today, November 6: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The greenback only decreased in the short term. The Euro and British Pound increased again.

Tỷ giá ngoại tệ hôm nay 6/11: USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái...; Cổ phần phục hồi, đồng bạc xanh giảm mạnh

Foreign exchange rates today, November 6: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates...; The greenback will only decrease in the short term. (Source: tradestation)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 6 was announced by the State Bank at 24,064 VND/USD, down 20 VND/USD compared to the weekend (November 3 stood at 24,084).

Domestic market:

Vietcombank :

USD exchange rate for buying is 24,320 VND/USD, selling is 24,690 VND/USD.

EUR exchange rate for buying is 25,415 VND/EUR and selling is 26,810 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,370 VND/USD, selling is 24,670 VND/USD.

EUR exchange rate for buying is 25,809 VND/EUR, selling is 27,022 VND/EUR.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from November 2-8
1	EUR	Euro	25,415.43	26,810.50	25,457.26
2	JPY	Japanese Yen	158.43	167.70	159.23
3	GBP	British Pound	29,147.23	30,387.88	29,239.23
4	AUD	Australian Dollar	15,373.97	16,028.36	15,257.97
5	CAD	Canadian Dollar	17,384.37	18,124.33	17,356.44
6	RUB	Russian Ruble	251.33	278.24	258.48
7	KRW	Korean Won	16.07	19.48	17.74
8	INR	Indian Rupee	293.61	305.37	289.28
9	HKD	Hong Kong Dollar (China)	3,053.40	3,183.37	3,078.82
10	CNY	Chinese Yuan China	3,282.02	3,422.23	3,291.30

(Source: State Bank and commercial banks)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 105.07 (down 1.08 compared to November 3, standing at 106.15).

The greenback exchange rate has fallen on the world market, but many investors believe that this is only a short-term decrease. Other major currencies tend to increase again.

Specifically, the greenback has turned sharply down last week after the US Federal Reserve (Fed) decided to keep interest rates unchanged after its November policy meeting. The gloomy US labor market has affected the growth momentum of the USD.

Weaker-than-expected US jobs data has reinforced the view that the Fed will not raise interest rates in the near future, increasing investors' risk aversion and weighing on the greenback.

The DXY Index fell below 106 last week, before continuing to fall to the 105.50-105 zone. In the short term, the risk of a trend reversal would only emerge if the DXY Index fell below 105. The decline was driven by the Fed's dovish stance, and that would likely send the greenback lower, at least in the short term.

However, despite the negative factors, the USD price is still in a long-term uptrend.

This week, the weekly Unemployment Report and the University of Michigan Consumer Sentiment Survey will be released on November 10, followed by the Consumer Price Index (CPI) on November 14. These are important data for the Fed’s policy decisions as well as the money market at the upcoming policy meeting.

In other developments, the Euro and the British Pound have rebounded strongly.

Source