USD, EUR, CAD, Japanese Yen, British Pound exchange rates, exchange rates... Will the Fed "control" the greenback exchange rate?

Update foreign exchange rates today, July 10, USD, EUR, AUD, CAD, Pound, Japanese Yen, exchange rates... Euro increases. Will the Fed control the greenback exchange rate?

Tỷ giá ngoại tệ hôm nay 10/7: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... Đồng bạc xanh giảm, Fed sẽ cầm trịch tỷ giá đồng bạc xanh?

Foreign exchange rates today, July 10: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... Will the Fed control the greenback exchange rate? (Source: Reuters)

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of July 10 was announced by the State Bank at 23,810 VND, down 23 VND compared to the previous day (July 7 at 23,833 VND).

With a +/- 5% margin being applied, the ceiling rate applied by banks today is 24,920 VND/USD and the floor rate is 22,544 VND/USD.

At commercial banks, this morning, the prices of USD and Chinese Yuan (NDT) decreased simultaneously.

At 8:15 a.m., the greenback price at Vietcombank was listed at 23,440 - 23,810 VND/USD (buy - sell), down 70 VND for buying and 80 VND for selling compared to the end of last week.

The listed CNY price is 3,206 - 3,344 VND/CNY (buy - sell), down 2 VND for buying and 3 VND for selling compared to the end of last week.

At BIDV , the USD price is listed at 23,510 - 23,810 VND/USD (buy - sell), down 55 VND in both buying and selling compared to last weekend.

The price of CNY at this bank is listed at 3,213 - 3,319 VND/CNY (buy - sell), down 5 VND for buying and 4 VND for selling compared to the end of last week.

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 July 6-12
1	EUR	Euro	25,057.65	26,460.43	25,896.64
2	JPY	Japanese Yen	160.65	170.08	164.61
3	GBP	British Pound	29,346.40	30,597.38	30,249.65
4	AUD	Australian Dollar	15,280.12	15,931.48	15,902.32
5	CAD	Canadian Dollar	17,227.42	17,961.79	17,985.65
6	RUB	Russian Ruble	244.,41	270.60	265.74
7	KRW	South Korean Won	15.65	19.06	18.34
8	INR	Indian Rupee	284.93	296.36	289.77
9	HKD	Hong Kong Dollar (China)	2,943.05	3,068.51	3,041.83
10	CNY	Chinese Yuan China	3,213.00	3,319.00	3,289.22

(Source: State Bank, Vietcombank)

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 a decrease of 0.25%, down to 102.27 compared to the weekend (July 7 at 103.11).

The greenback exchange rate on the world market today decreased, the Euro increased.

Specifically, the market is currently raising concerns that the US Federal Reserve (Fed) will continue to raise interest rates. The minutes of the Fed's June meeting released last week showed that there will be more interest rate hikes, at a slower pace. In addition, the Fed also left open the possibility of raising interest rates by another 50 basis points by the end of this year.

US Treasury yields began rising sharply after the minutes were released and closed the week above 4%. However, the DXY Index fell sharply late last week after the release of employment data. US non-farm payrolls increased at a slow pace of 209,000 in June, while the market expected an increase of 240,000.

The DXY has been trading between 102 and 104 for the past few weeks. It currently has strong resistance around 103.50. If it falls below 102, it could fall further to the 101-100.80 range.

Elsewhere, the euro edged higher in the final trading session of the week. The euro has found strong support around 1.0830/USD for the past three weeks. This could pave the way for the euro to break above 1.10, heading towards the 1.11-1.12 range in the short term.

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