Exchange rates on June 12th: USD weakens.

The US dollar weakened as signals of easing tensions between the US and Iran reduced demand for safe haven assets.

On the morning of June 12th, the central exchange rate set by the State Bank of Vietnam remained unchanged at 25,153 VND/USD compared to the previous session. At the same time, the selling price at most major commercial banks increased, announced at 26,410 VND/USD.
Reference exchange rates between the Vietnamese Dong and various foreign currencies at the Department of Foreign Exchange Management:

Specifically, Vietcombank is trading at 26,100 - 26,410 VND/USD (buying and selling rates).
BIDV is quoting 25,130 VND/USD for buying and 26,410 VND/USD for selling. Techcombank is trading around 26,059 VND/USD for buying and 26,410 VND/USD for selling this morning.
The USD exchange rate on the free market this morning, June 12th, is trading around 26,370 VND/USD for buying and 26,400 VND/USD for selling, unchanged from the previous trading session. The exchange rates for other major currencies in the international payment basket at Vietcombank are listed as follows:

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Exchange rates on June 5-6: USD maintains its upward trend.The US dollar continued its slight rise in international markets, marking its third consecutive day of gains as investors monitored geopolitical tensions in the Middle East and awaited key US economic data.

On the international market, the USD Index (DXY) fluctuated around 99.67 points. The US dollar fell after US President Donald Trump announced that a peace agreement with Iran had been reached and could be signed soon. This information eased market concerns, thereby reducing demand for the greenback as a safe-haven asset.

Besides geopolitical developments, investors are also closely monitoring the US Producer Price Index (PPI) report. The latest data shows that price pressures remain high, reinforcing expectations that the Federal Reserve (Fed) will continue to maintain a tight monetary policy stance in the near future.

According to the U.S. Bureau of Labor Statistics, the Producer Price Index (PPI) in May rose 1.1% from the previous month, exceeding the forecast of 0.7% and matching the increase in April. Compared to the same period last year, the PPI increased 6.5%, the highest level since November 2022.

However, core inflation, excluding food and energy, rose 0.4% month-on-month and 4.9% year-on-year, lower than market expectations. This result is consistent with the previously released CPI report, which showed overall inflation exceeding forecasts but core indicators indicating a slowdown.

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Nevertheless, with inflation remaining high and the US labor market continuing to be strong, the likelihood of the Fed cutting interest rates in the short term is almost nonexistent. Some investors even believe the US central bank may have to consider additional tightening measures if price pressures persist.

Source: https://hanoimoi.vn/ty-gia-ngay-12-6-usd-suy-yeu-1160094.html