USD, EUR, CAD, Pound exchange rates, exchange rates... Banking giants limit interest rate hikes, greenback inched up

Foreign exchange rates today, November 22: USD, EUR, CAD, Pound, exchange rates... US banks may limit interest rate hikes, the greenback increases slightly.

Tỷ giá ngoại tệ hôm nay 22/11: Tỷ giá USD, EUR, CAD, Bảng Anh, tỷ giá hối đoái... Đồng bạc xanh

Foreign exchange rates today, November 22: USD, EUR, CAD, Pound exchange rates, exchange rates... (Source: Reuters)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 22 was announced by the State Bank at 23,885 VND/USD, down 30 VND/USD compared to yesterday.

Domestic market:

Vietcombank:

USD exchange rate for buying is 23,920 VND/USD, selling is 24,290 VND/USD.

EUR exchange rate for buying is 25,721 VND/EUR and selling is 27,134 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,000 VND/USD, selling is 24,300 VND/USD.

EUR exchange rate for buying is 25,879 VND/EUR, selling is 27,077 VND/EUR..

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from November 16-22
1	EUR	Euro	25,721.97	27,134.60	26,119.80
2	JPY	Japanese Yen	158.91	168.21	159.48
3	GBP	British Pound	29,444.55	30,698.68	29,995.98
4	AUD	Australian Dollar	15,442.58	16,100.33	15,605.60
5	CAD	Canadian Dollar	17,130.45	17.860.09	17,550.42
6	RUB	Russian Ruble	260.80	288.73	266.19
7	KRW	Korean Won	16.17	19.60	18.48
8	INR	Indian Rupee	288.60	300.16	289.15
9	HKD	Hong Kong Dollar (China)	3,015.57	3,144.02	3,077.71
10	CNY	Chinese Yuan China	3,311.71	3,453.29	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 0.15% to 103.59.

The greenback exchange rate in the world today increased slightly and the Japanese Yen also increased.

Specifically, the USD recovered slightly after the minutes of the most recent policy meeting of the US Federal Reserve (Fed) showed that the bank will likely maintain a restrictive stance on interest rates in the coming time.

Fed officials said inflation remained above their target but noted that interest rates would only need to rise if new data showed price pressures remained high.

“The Fed’s minutes underscored the most recent message that they are not ready to declare an end to the war on inflation and so far they have no intention of cutting rates in 2024,” said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina.

The US dollar has been on the decline recently, falling nearly 2% last week, as a slew of data showed the economy was slowing along with inflationary pressures, including the consumer price index (CPI).

According to CME's FedWatch Tool, investors are pricing in a nearly 60% chance that the Fed could start cutting rates by at least 25 basis points next May.

Elsewhere, the recent weakness in the US dollar has supported the Japanese yen, along with expectations that the Bank of Japan could begin to ease its ultra-loose monetary policy next year.

Source