USD, EUR, CAD, Pound exchange rates, exchange rates... The greenback is on the rise

Foreign exchange rates today December 11: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... US Treasury yields increased well, the greenback has an upward trend. The Euro is still gloomy.

Tỷ giá ngoại tệ hôm nay 11/12: Tỷ giá USD, EUR, CAD, Bảng Anh, tỷ giá hối đoái... Lợi tức kho bạc Mỹ tăng tốt, đồng bạc xanh có đà tăng

Foreign exchange rates today December 11: USD, EUR, CAD, Pound exchange rates, exchange rates... US Treasury yields increased well, the greenback has an upward momentum. (Source: Fore)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of December 11 was announced by the State Bank at 23,932 VND, down 19 VND/USD compared to the end of last week (December 8).

Domestic market:

Vietcombank :

USD exchange rate for buying is 24,020 VND/USD, selling is 24,390 VND/USD.

EUR exchange rate for buying is 25,455 VND/EUR and selling is 26,853 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,080 VND/USD, selling is 24,380 VND/USD.

EUR exchange rate for buying is 25,652 VND/EUR, selling is 26,833 VND/EUR.

STT	Currency code	Currency name	Bank exchange rate commerce Buy	Bank exchange rate commerce Sell out	*State Bank exchange rate Apply for import and export from December 7-13
1	EUR	Euro	25,455.84	26,853.68	25,847.92
2	JPY	Japanese Yen	163.54	173.11	162.69
3	GBP	British Pound	29,658.76	30,921.80	30,183.05
4	AUD	Australian Dollar	15,589.25	16,253.14	15,764.55
5	CAD	Canadian Dollar	17,378.84	18,118.93	17,643.46
6	RUB	Russian Ruble	250.95	277.82	258.56
7	KRW	South Korean Won	16.01	19.40	18.24
8	INR	Indian Rupee	289.69	301.30	287.36
9	HKD	Hong Kong Dollar (China)	3,022.31	3,151.02	3,066.04
10	CNY	Chinese Yuan China	3,312.45	3,454.04	3,346.09

(Source: State Bank, Commercial Bank, Customs Department)

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 to 103.98 (compared to 103.64 on December 8).

The greenback is expected to rise this week. The Euro is showing no signs of optimism.

The DXY index managed to rebound last week, ending a three-week losing streak. Meanwhile, the yield on the US 10-year Treasury bond also rose well, especially in the final session of the week, after the US released employment data.

Accordingly, non-farm payrolls in the US increased by 199,000 in November, exceeding market expectations of 190,000. Meanwhile, the unemployment rate in the US decreased from 3.9% in October to 3.7% in November.

The market is now awaiting the outcome of the US Federal Reserve (Fed) meeting on December 13. Economists expect the Fed to keep interest rates unchanged at 5-5.25%. As we mentioned earlier, the Fed is still likely to raise interest rates by 25 basis points as forecast by the Central Bank in September.

The economic data released at this meeting will play an important role in setting the direction of the currency market in the future, so this Fed meeting will be a very important event to watch this week.

Current resistance for the DXY Index is at 104.30. A strong breakout above this level could see the index rally to the 105-106 zone in the short term.

Conversely, if the DXY index fails to break above 104.30 and falls below 103, it could fall to the 102-101.50 support zone.

Elsewhere, the euro fell for a second consecutive week. The outlook is bleak. Resistance for the common European currency lies in the 1.0800-1.0820 zone.

The euro is likely to initially test 1.07. A drop below 1.07 could take it to the 1.0630-1.06 zone this week. The price action will then need to be closely watched to see if the euro can bounce back. To avoid a drop to 1.06, the euro would have to stay above 1.07, and even rise to 1.0820 to see a return to the 1.09-1.10 zone.

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