USD anchored below highs, rebounded against Japanese Yen

Foreign exchange rates, USD/VND exchange rate today, July 17, recorded that the USD continued to stabilize when the data on retail sales in the US proved to be stronger than expected.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: July 17, 2024 07:56 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
Australian Dollar	AUD	16,685.22	16,853.75	17,394.47
Canadian Dollar	CAD	18,072.04	18,254.58	18,840.25
SWISS FRANC	CHF	27,599.35	27,878.13	28,772.55
YUAN RENMINBI	CNY	3,422.29	3,456.86	3,568.31
DANISH KRONE	DKK	-	3,634.84	3,774.04
EURO	EUR	26,914.83	27,186.69	28,390.66
POUND STERLING	GBP	32,040.76	32,364.40	33,402.75
HONG KONG DOLLAR	HKD	3,166.69	3,198.67	3,301.30
INDIAN RUPEE	INR	-	302.64	314.74
YEN	JPY	155.32	156.89	164.39
Korean Won	KRW	15.81	17.57	19.17
KUWAITIAN DINAR	KWD	-	82,823.87	86,135.23
MALAYSIAN RINGGIT	MYR	-	5,373.46	5,490.67
NORWEGIAN KRONER	NOK	-	2,297.09	2,394.62
Russian Ruble	RUB	-	274.31	303.66
SAUDI RIAL	SAR	-	6,744.10	7,013.73
SWEDISH KRONA	SEK	-	2,341.61	2,441.04
SINGAPORE DOLLAR	SGD	18,398.88	18,584.73	19,180.99
THAILAND BAHT	THB	619.67	688.52	714.89
US DOLLAR	USD	25,207.00	25,237.00	25,457.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:30 a.m. on July 17, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,245 VND.

The reference USD exchange rate at the State Bank's Transaction Office is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks buying and selling are as follows:

Vietcombank: 25,207 VND - 25,457 VND.

Vietinbank : 25,090 VND - 25,400 VND.

Foreign exchange rates, USD/VND exchange rate today, July 17: USD anchored below high level, increased compared to Japanese Yen. (Source: Reuters)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 104.25, up 0.04%.

The US dollar continued to stabilize as US retail sales data proved to be stronger than expected, but still reinforced expectations of interest rate cuts from the US Federal Reserve (Fed) this year.

Accordingly, US retail sales were unchanged in June, surpassing the expectations of Reuters economists.

Other data showed import prices were unchanged in June, as a rebound in food prices was offset by lower energy prices, keeping the Fed on track to cut interest rates this year.

The DXY index remained anchored below the previous high of 104.51. Against the Japanese yen, the USD gained 0.28% to 158.46.

According to CME's FedWatch Tool, the market is pricing in a rate cut at the September meeting.

The pound weakened 0.07 percent to $1.2957 ahead of UK inflation data due out today, July 17, while the euro fell 0.03 percent to $1.0891 ahead of the European Central Bank's (ECB) policy meeting scheduled for tomorrow (July 18).

The ECB is expected to keep interest rates steady, with focus on comments from President Christine Lagarde for clues on the timing of the next rate cut after a 25 basis point cut in June.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-177-usd-neo-duoi-muc-cao-bat-tang-so-voi-yen-nhat-278912.html