USD, EUR, CAD, Pound exchange rates, exchange rates "Fed's orders" are unclear, the greenback is slightly up

Foreign exchange rates today, November 16: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The Fed's "order" is unclear, the greenback is slightly up. Other major currencies are up. *There is new import-export news

Tỷ giá ngoại tệ hôm nay 16/11: Tỷ giá USD, EUR, CAD, Bảng Anh, tỷ giá hối đoái...“Lệnh” của Fed chưa rõ ràng, đồng bạc xanh chồi nhẹ

Foreign exchange rates today, November 16: USD, EUR, CAD, Pound exchange rates, exchange rates... The Fed's "order" is unclear, the greenback is slightly up. (Source: Graphic)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 16 was announced by the State Bank at 23,971 VND/USD, down 45 VND/USD compared to the previous day.

Domestic market:

Vietcombank :

USD exchange rate for buying is 24,070.00 VND/USD, selling is 24,440.00 VND/USD.

EUR exchange rate for buying is 25,707 VND/EUR and selling is 27,118 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,145 VND/USD, selling is 24,445 VND/USD.

EUR exchange rate for buying is 25,874 VND/EUR, selling is 27,069 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 November 16-22
1	EUR	Euro	24,070.00	24,440.00	26,119.80
2	JPY	Japanese Yen	156.53	165.70	159.48
3	GBP	British Pound	29,526.13	30,783.42	29,995.98
4	AUD	Australian Dollar	15,377.90	16,032.72	15,605.60
5	CAD	Canadian Dollar	17,284.94	18,020.97	17,550.42
6	RUB	Russian Ruble	256.31	283.75	266.19
7	KRW	South Korean Won	16.13	19.55	18.48
8	INR	Indian Rupee	291.16	302.83	289.15
9	HKD	Hong Kong Dollar (China)	3,031.16	3,160.23	3,077.71
10	CNY	Chinese Yuan China	3,283.85	3,424.20	3,318.5

(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 0.33% to 104.38.

The greenback exchange rate in the world today increased slightly after many consecutive sessions of decline. Other key currencies such as the Euro, British Pound, and Japanese Yen all decreased.

The greenback rose in the last trading session, after new data showed that US retail sales fell more slowly than expected in October, a reminder to the market that it is still unclear when the US Federal Reserve will cut interest rates.

The dollar snapped its biggest one-year slide on November 15 as consumer price index (CPI) data showed US inflation was cooling faster than expected, fueling expectations that the Fed was done raising interest rates. However, the US CPI is currently at 3.2%, still well above the Fed’s 2% target, leaving the question of when the Fed will cut rates unanswered.

“Until the market believes the Fed’s next move will be a rate cut, we will see the dollar rally before weakening,” said Steven Englander, head of global G10 FX research at Chartered Bank in New York.

Separately, the US Department of Labor's Bureau of Labor Statistics said US retail sales fell for the first time in seven months in October, while producer prices recorded their biggest decline in three and a half years in October. More than 80% of the decline in the Producer Price Index for consumer goods in October was due to a 15.3% drop in gasoline prices.

“The market is pricing in a rate cut in the first few quarters of next year,” said Roosevelt Bowman, senior investment strategist at Bernstein Private Wealth Management in New York.

Investors have all but dismissed the possibility of another rate hike at the Fed policymakers' meeting in December, while bets on a rate cut by May 2024 have risen to more than 65%, according to CME Group's FedWatch Tool.

Elsewhere, the euro fell 0.32% to $1.0844 after hitting its highest level since August. The pound closed the session at $1.2408, down 0.71%; the yen weakened 0.66% to $151.37.

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