The USD bounced strongly

Meanwhile, in the US market, the US Dollar Index (DXY) which measures the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased sharply by 0,65%, reaching the milestone of 102,71.

USD exchange rate in the world today

The dollar rallied against the euro and sterling in the last session, and is on track for its biggest weekly gain since February, as investors turned to safe-haven assets.

DXY Index volatility chart for the last 24 hours. Photo: Marketwatch

A survey by the University of Michigan on May 12 showed that US consumer sentiment fell to a six-month low in May, due to concerns surrounding an increase in the federal government's borrowing limit that could trigger a recession. Consumers' long-term inflation expectations have risen to their highest levels since 5. That could affect the Federal Reserve's intention to pause rate hikes.

Recent data showing a slowing economy has boosted the possibility that the Fed will pause interest rate hikes at its June meeting. Besides, US consumer price index inflation also cooled to 6% y/y in April. Furthermore, weekly jobless claims rose more than expected.

However, Karl Schamotta, chief market strategist at Corpay in Toronto, said: “The divergence in rates is continuing to tilt in favor of the greenback. Surprises in the University of Michigan's consumer sentiment survey are hinting at another rate hike at the Fed's June meeting.

Fed Governor Michelle Bowman said the central bank will likely need to raise rates further if inflation remains high.

The pound fell 0,5% to $1,2448, while the euro weakened, falling 0,6% to $1,0851.

USD exchange rate today (May 13): The USD rebounded strongly. Illustration: Reuters

USD rate in the country today

On the domestic market, at the end of the trading session on May 12, the State Bank announced that the central exchange rate of Vietnam dong to the US dollar increased by 5 dong, currently at: 8 dong.

* The reference rate at the State Bank's Transaction Office for buying and selling increased, currently at: 23.450 VND – 24.772 VND.

The exchange rate of USD at buying and selling commercial banks is as follows:

* Euro exchange rate at the State Bank's Transaction Office for buying and selling decreased slightly at: 24.522 VND – 27.103 VND.

Euro exchange rate at buying and selling commercial banks is as follows:

MINH ANH