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| Foreign exchange rates today, November 10: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The greenback rises again, the AUD is turbulent. (Source: Reuters) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 10 was announced by the State Bank at 24,014 VND/USD, an increase of 12 VND/USD compared to yesterday.
Domestic market:
USD exchange rate for buying is 24,170 VND/USD, selling is 25,326 VND/USD.
EUR exchange rate for buying is 25,361 VND/EUR and selling is 26,716 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,205 VND/USD, selling is 24,505 VND/USD.
EUR exchange rate for buying is 25,505 VND/EUR, selling is 26,683 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 9-15 |
| 1 | EUR | Euro | 25,326.31 | 26,716.76 | 25,632.77 |
| 2 | JPY | Japanese Yen | 156.49 | 165.65 | 159.2 |
| 3 | GBP | British Pound | 29,011.52 | 30,246.70 | 29,446.38 |
| 4 | AUD | Australian Dollar | 15,094.63 | 15,737.29 | 15,424.75 |
| 5 | CAD | Canadian Dollar | 17,200.35 | 17,932.66 | 17,411.98 |
| 6 | RUB | Russian Ruble | 252.98 | 280.06 | 259.72 |
| 7 | KRW | Korean Won | 15.99 | 19.39 | 18.31 |
| 8 | INR | Indian Rupee | 291.77 | 303.45 | 288.07 |
| 9 | HKD | Hong Kong Dollar (China) | 3,041.98 | 3,171.49 | 3,068.59 |
| 10 | CNY | Chinese Yuan China | 3,276.97 | 3,417.00 | 3,295.87 |
(Source: State Bank and commercial banks)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.30% to 105.90.
The greenback exchange rate in the world today increased again. AUD has been struggling since the Reserve Bank of Australia raised interest rates. Eur and Japanese Yen both decreased.
Specifically, the USD increased in the last trading session, reaching a one-week high against the Japanese yen, after US Federal Reserve Chairman Jerome Powell said the current interest rate is not enough to end the fight against inflation.
The Australian dollar fell to a one-week low of $0.6364 in the previous session. It has been falling since the Reserve Bank of Australia raised interest rates to a 12-year high on November 7, but signaled the end of its monetary tightening cycle.
The dollar rebounded after Powell’s comments. The greenback, which has benefited from rising Treasury yields over the past few months, fell sharply last week after Powell’s dovish tone at the end of the Fed’s two-day policy meeting, and weaker-than-expected jobs data late last week, bolstered the belief that the Fed was done raising rates.
Several Fed officials took a tougher line this week, stressing that another rate hike is still on the table if inflation doesn't continue to fall near the Fed's 2% annual target.
On November 9, Richmond Fed President Thomas Barkin said that although there has been some progress in the fight against inflation, it is not yet certain whether the US central bank will continue to raise interest rates to achieve the target of bringing inflation to 2%.
Fed funds futures traders are now pricing in a 25% chance of another rate hike in January, according to CME Group's FedWatch Tool. Traders are weighing whether the greenback is likely to weaken against other major currencies if the U.S. economy slows as expected.
Elsewhere, the euro fell 0.37 percent to $1.0671. The dollar rose 0.21 percent to 151.29 yen, its highest since November 1. Traders are still anticipating possible government intervention to shore up the yen.
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