Foreign exchange rate 10.5: Bad news is heavy, USD is unlikely to "turn around", opportunities for sale

Trà My |

Foreign exchange rate today (May 10): Black market USD price decreased sharply in the same direction as world USD price. Gold price today is at 55.95 million VND/tael.

How much is the VND for the current USD exchange rate?

The central exchange rate is listed by the State Bank at 23,162 VND/USD.

The black market USD exchange rate today is at 23,400 - 23,450 VND (buy - sell).

Vietcombank's exchange rate today is listed at: VND 22,940 - VND 23,150 (buy - sell), down VND 10 in both directions compared to the previous trading session.

Vietcombank's Euro exchange rate is currently at VND 27,202 - VND 28,623 (buy - sell).

The Japanese Yen exchange rate is currently at 205 VND - 216 VND (buy - sell).

The British exchange rate is currently at 31,546 VND - 32,864 VND (buy - sell).

The Nhan exchange rate today is at 3,513 VND - 3,660 VND (buy - sell).

The Australian Dollar exchange rate today is at 17,655 - 18,393 VND (buy - sell).

USD price today's sharp decrease, gold price today increased

The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 90.280.

The XAU/USD gold exchange rate is currently at 1836.90 USD/ounce.

USD prices fell to a low of more than two months after the disappointing US jobs report caused investors to limit expectations for higher interest rates, focusing on inflation data this week.

The United States released data on the surprisingly high unemployment rate. This is no different from "pouring a bucket of cold water" into investors' speculation about inflation.

When the USD decreases, the British pound increases sharply. The British pound rose 0.5% to its highest level since February 25, 2021.

"The strong downward trend of the USD may continue this week. The surprisingly slow recovery of the US labor market is a reasonable reason why the FOMC is always steadfast in its current monetary policy. In addition, the improved global economic outlook is a medium-term impact on the USD," said Kim Mundy, an analyst at Commonwealth Bank of Australia.

Fed Chairman Jerome Powell said the US labor market is still lacking much of what is needed to start talking about reducing asset purchases. The Fed president stressed that the short-term spike in inflation will only be temporary.

Analysts are waiting for the April consumer price index to be released this week.

The Australian dollar is approaching a two-month peak. Canada's currency rose to a 3.5-year high against the USD.

In the cryptocurrency market, the Ether has extended its record increase of 41% since the beginning of May.

Bitcoin prices are still stuck below $60,000/BTC.

The Dogecoin virtual currency fell to around $0.53 after billionaire Elon Musk appeared on the TV show "Saturday Night Live".

Online Kitco gold price is currently at 1836.90 - 1837.90 USD/ounce.

Domestic gold prices are as follows: SJC gold price today is 55.60 million VND/tael (buy) and 55.95 million VND/tael (sell).

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Trà My |

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Trà My |

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Trà My |

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