Global Market : China yuan hits four - year high as dollar weakens ahead of policy meetings

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• Global Market: China yuan hits four-year high on export strength, weak dollareconomictimes.indiatimes.com·21/10, 05:30▼ DXY▲ XAU/USD▲ EUR/USDexchange ratesyuanUS dollar
• Dollar Falls on Chinese Yuan Strength and Weak US Housing News

  The dollar index (DXY00) fell 0.31% today, pressured by a rally in the Chinese yuan to a 4-year high. The greenback extended its losses after US housing starts for September unexpectedly dropped to a 4-month low.

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• Asian currencies firm as dollar retreats; yuan hits four-year high

  Most Asian currencies firmed on Tuesday as the US dollar weakened, with China's yuan reaching 6.6775 per dollar, its strongest level since July 2022, after a firm daily fixing by the People's Bank of China and third-quarter growth of 4.5%. The PBOC kept its one-year loan prime rate at 3.00% and five-year rate at 3.50%, while the dollar index fell 0.2% to 101.78. The Indonesian rupiah stayed near 18,000 per dollar after MSCI proposed consulting on reclassifying Indonesia from emerging to standalone market status, triggering a selloff that saw the Jakarta Composite Index plunge nearly 12% on Friday and roughly 15% over two sessions. The index rebounded about 3% on Tuesday after authorities introduced measures to contain volatility, but the two-day rout erased about $82 billion in market value and the rupiah has lost around 8% against the dollar this year.

  Yahoo Finance·20/10, 05:44▼ DXY▼ USD/JPY▲ XAU/USDexchange ratesyuanUS dollar
• Domestic gold prices flat, bank exchange rates fall sharply

  At 9:10 a.m. on 22 October, SJC gold at major firms such as Sài Gòn and Doji was quoted at 139.3 million VND per lượng to buy and 142.3 million to sell, unchanged from the previous session, while Phú Quý and Bảo Tín Minh Châu also held steady on ring gold prices. International gold hovered around 4,112 USD per ounce, down 5 USD from the previous session, which converts to roughly 129 million VND per lượng and leaves SJC about 13.3 million VND higher. The State Bank's central rate was cut by 2 dong to 25,632 VND/USD, while BIDV and Vietinbank cut their rates by 20 and 30 dong respectively, Eximbank was unchanged, and Vietcombank was quoted at 25,640-26,050 VND/USD.

  Vietstock·22/10, 03:34▼ DXYgoldexchange ratesUS dollar
• USD rate : Why is US Dollar down from 18 - month peak ?economictimes.indiatimes.com·15/10, 23:00▼ DXY▲ XAU/USDUS dollarexchange ratesDXY
• SJC gold bars flat, holding at 143.3 million VND per tael

  On the morning of 15/10, SJC gold bars were unchanged at major firms, holding at 143.3 million VND per tael on the sell side, about 13 million VND above the converted world gold price (around 130.3 million VND per tael, based on about 4,147 USD per ounce). The State Bank's central USD rate was 25,642 VND, down 4 VND from the previous session. Vietcombank quoted 25,680-26,090 VND per USD, while gold rings at Bảo Tín Minh Châu fell 200,000 VND per tael.

  Vietstock·15/10, 03:35goldexchange ratesState Bank of Vietnam

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