US economy "boiling", USD increases strongly

Foreign exchange rates, USD/VND exchange rate today, June 21, recorded the USD rising to a 7-week high against the Japanese Yen, while the British Pound and Euro fell.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: June 21, 2024 06:59 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,539.54	16,706.60	17,242.52
CANADIAN DOLLAR	CAD	18,084.13	18,266.80	18,852.76
SWISS FRANC	CHF	28,065.60	28,349.10	29,258.48
YUAN RENMINBI	CNY	3,434.18	3,468.87	3,580.69
DANISH KRONE	DKK	-	3,598.35	3,736.14
EURO	EUR	26,637.80	26,906.87	28,098.31
Sterling Pound	GBP	31,519.58	31,837.96	32,859.26
HONGKONG DOLLAR	HKD	3,177.50	3,209.59	3,312.55
INDIAN RUPEE	INR	-	304.11	316.27
YEN	JPY	156.17	157.74	165.28
KOREAN WON	KRW	15.90	17.67	19.27
KUWAITIAN DINAR	KWD	-	82,760.12	86,068.50
MALAYSIAN RINGGIT	MYR	-	5,346.91	5,463.51
NORWEGIAN KRONER	NOK	-	2,358.83	2,458.97
RUSSIAN RUBLE	RUB	-	291.32	322.49
SAUDI RIAL	SAR	-	6,763.76	7,034.15
SWEDISH KRONA	SEK	-	2,386.43	2,487.74
SINGAPORE DOLLAR	SGD	18,359.94	18,545.39	19,140.29
THAILAND	THB	612.98	681.09	707.17
US DOLLAR	USD	25,217.00	25,247.00	25,467.00

Exchange rate developments in the domestic market

In the domestic market, according to TGVN at 7:30 a.m. on June 21, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,255 VND, down 2 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,217 VND - 25,467 VND.

Vietinbank : 25,251 VND - 25,467 VND.

Foreign exchange rates, USD/VND exchange rate today, June 21: US economy 'boiling', USD increases strongly. (Source: Capital)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) stood at 105.66, up 0.4%.

The dollar rose to a seven-week high against the yen, while the pound and euro fell. This came amid signs of a bubbling U.S. economy, as traders await data that will bolster the case for a Federal Reserve interest rate cut this year.

Retail sales for May were disappointing this week and the labor market appears to be weakening.

The number of Americans filing new claims for unemployment benefits fell last week, but still more than expected, data released on June 20 showed, suggesting the job market remains strong.

“The upcoming US purchasing managers index could have an impact on the currency market,” said Helen Given, vice president of trading at Monex USA in Washington.

He predicted that the USD is heading for a fifth consecutive week of gains thanks to the stability of the US economy compared to other countries in the world.

Meanwhile, the Yen market has been on shaky ground since the Bank of Japan continued to pursue a “dovish” monetary policy and announced plans to cut bond purchases early.

Along with the weakening of the Japanese Yen, the decline of the Euro and the British Pound supported the DXY index, which increased by 0.4% to 105.61.

The euro closed down 0.34% against the dollar at $1.0708. It hit a session low of $1.0706, but remained above a six-week low of $1.0667 hit late last week.

The pound fell 0.42% to $1.2667 after hitting a five-week low in afternoon trade. The Bank of England decided to keep interest rates unchanged, with some policymakers saying their decision not to cut rates was justified.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-216-kinh-te-my-soi-suc-usd-bat-tang-manh-me-275681.html