Foreign exchange rates on December 10: USD price increases again

The exchange rate on December 10th showed a strong increase in the USD. In contrast to the gold price, the USD continued to maintain its position. After the ECB meeting, it was shown that the EU economy has not been able to recover, causing the Euro to fall sharply and the USD to increase again.

As of 5:00 a.m. (Vietnam time), the US Dollar Index (DXY), which measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.48% compared to the previous session to 101.60 points.

Illustration

The continued strength of the US dollar is hampering US exports, including agricultural products. According to a report by Cobank, US growers are switching to short-term crops such as corn and soybeans to gain higher profits.

In the world market, other strong currencies have begun to appreciate again against the USD. In particular, the British pound, the euro, and the Canadian dollar are gradually recovering their value. The euro not only did not fall after the political events in Italy, but also increased sharply against the USD after the event considered a second Brexit in Europe.

The central exchange rate between the Vietnamese Dong and the USD on the morning of December 9 was announced by the State Bank at 22,117 VND. With the +/-3% band currently applied, the ceiling rate that banks can apply today is 22,780 VND/USD and the floor rate is 21,454 VND/USD.

The USD price at commercial banks continued to decrease by 20 - 50 VND/USD. Eximbank is 22,510 - 22,610 VND/USD; ACB is 22,530 - 22,630 VND/USD, at BIDV is 22,560 - 22,640 VND/USD; Sacombank is 22,630 - 22,720 VND/USD. Agribank adjusted the USD buying and selling price down to 22,580 VND/USD and 22,670 VND/USD.

The USD price on the free market also decreased by 20 - 40 VND/USD to 23,140 - 23,160 VND/USD.

According to Vietnamnet