Vietnam, October 3: The US dollar exchange rate increased slightly by 10 VND/USD last week. Vietcombank's buying rate rose to 25,760 - 25,790 VND, selling rate to 26,170 VND; ACB's buying rate to 25,770 - 25,800 VND, selling rate to 26,160 VND; Vietinbank's buying rate to 25,745 VND, selling rate to 26,190 VND. Other foreign currencies in banks also increased. At Vietcombank, the EUR price increased by 30 VND, buying rate to 28,474 - 28,761 VND, selling rate to 29,9475 VND; the British pound increased by 50 VND, buying rate to 33,428 - 33,765 VND, selling rate to 34,848 VND.
The US dollar fell again in global markets, with the USD-Index losing 0.17 points to 101.92. The greenback partially offset recent gains after data showed US job growth in September was lower than economists' expectations, while the unemployment rate rose slightly to 4.2%. The yield on 10-year US Treasury bonds also declined after the report was released, before rising 5.14 basis points to 5.285%. The USD remains supported by US bond yields hovering near multi-decade highs, growing concerns about fiscal prospects in some parts of Europe, and rising oil prices.
The euro is heading for its fourth consecutive weekly decline against the dollar, its longest losing streak since mid-May 2025, amid a sell-off in European government bond markets and expectations that the US Federal Reserve (Fed) will maintain its hawkish stance on interest rates. According to CME Group's FedWatch tool, traders now predict an 86% probability that the Fed will keep interest rates unchanged this month, a sharp increase from 36% a week ago.
However, in the most recent trading session, the EUR rose 0.13%, trading at $1.12580. Inflation in the eurozone is likely to rise in the coming months, putting further pressure on the European Central Bank (ECB) to raise interest rates. French and Italian government bonds have been under selling pressure in recent weeks amid market expectations of rising policy interest rates and increased political risk as the 2027 elections approach.
Source: Thanh Nien Newspaper
