Foreign exchange rates today June 10: USD reverses and slightly decreases

The US dollar fell against most major currencies, trading in a narrow range, as investors adjusted after a strong rally following a strong US jobs report released last Friday.

World currency exchange rates

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.19% to 99.00.

Attention now turns to crucial trade talks between the United States and China in London, where senior officials from both countries are meeting to resolve differences over a preliminary agreement signed last month in Geneva that helped ease tensions between the world’s two largest economies . The talks are expected to last two days.

The talks come at a crucial time for both sides, as China grapples with deflation and trade uncertainty, dampening sentiment among U.S. businesses and consumers, prompting investors to reassess the dollar’s safe-haven status.

The US dollar fell about 0.2% against the Japanese yen.

The dollar fell about 0.2 percent to 144.55 against the yen, after two straight weeks of gains. Japan is considering buying back some of its previously issued ultra-long-term government bonds at low interest rates, a move that suggests the country is focused on containing a sudden rise in bond yields.

Meanwhile, the euro rose 0.3% to $1.1427 against the dollar, as markets continued to digest the European Central Bank's monetary policy statement last week, which suggested the ECB may be nearing the end of its easing cycle. The pound also rose against the dollar, adding 0.3% to $1.362.

Late last week, a US inflation report for May grabbed attention, as investors and Fed policymakers looked for the impact of restrictive trade policies on the economy.

"The labor market appears to be recovering but not overheating, which should help keep services inflation at a reasonable level," BeiChen Lin, senior investment strategist at Russell Investments, commented via email. "For now, medium-term inflation expectations still appear well anchored. So even if there is a temporary increase in prices due to trade policy, as long as the Fed believes these effects are not lasting, we could still see a rate cut this year."

Fed officials have signaled they are in no rush to cut interest rates, and signs of economic recovery could strengthen their stance.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on June 10, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,992 VND.

* The reference USD exchange rate at the State Bank's transaction office is stable, currently at: 23,793 VND - 26,191 VND.

USD exchange rates at some commercial banks are as follows:

* The EUR exchange rate at the State Bank's buying and selling exchange center decreased slightly, currently at: 27,068 VND - 29,917 VND.

EUR exchange rates at some commercial banks are as follows:

* The Japanese Yen exchange rate at the State Bank's exchange office for buying and selling has slightly decreased, currently at: 164 VND - 181 VND.

The YEN exchange rate at some commercial banks is as follows:

Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-10-6-dong-usd-dao-chieu-giam-nhe-255074.html