Foreign exchange rates today June 13: USD continues to decline sharply

World currency exchange rates

In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.78% to 97.85.

The USD continues to record a sharp decline in the global financial market, influenced by a series of macro factors: Expectations of the Fed cutting interest rates, geopolitical tensions, lower-than-expected inflation data in the United States, as well as developments in US-China trade negotiations.

In contrast, the euro jumped to a near four-year high against the dollar. The greenback also fell to a two-month low against the Swiss franc and a near one-week low against the yen.

Investors also flocked to safe-haven assets amid heightened geopolitical risks after US President Donald Trump said some US personnel were being moved out of the Middle East because “it could become dangerous” and insisted Washington would not allow Iran to develop nuclear weapons.

The combination of escalating tensions in the Middle East and concerns about the sustainability of the US-China trade deal has driven flows into safe-haven assets.

Analysts note that the US dollar is now acting as a key indicator of trade negotiation sentiment, while geopolitical uncertainty is driving investors to hold the Swiss franc and the yen.

The dollar fell more than 1% to 0.8114 Swiss francs, after hitting a low of 0.8104 - its lowest since April 22. The greenback also fell 0.7% to 143.59 Japanese yen, which had hit a one-week low.

The EUR hit its highest level since October 2021 against the USD, reaching 1.1632 USD/EUR and ended the session up 0.8% at 1.1576.

Some experts say the euro is also supported by the hawkish policy of the European Central Bank (ECB), after eurozone inflation finally returned to its 2% target.

However, ECB policymaker Isabel Schnabel noted that the strengthening of the euro was mainly due to investors seeking safe-haven assets amid improved economic confidence in Europe - and not entirely due to the interest rate differential.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on June 13, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,990 VND.

The reference exchange rate at the State Bank of Vietnam's buying and selling exchange rate has been adjusted up, currently at: 23,791 VND/USD - 26,189 VND/USD.

The domestic USD exchange rate at commercial banks this morning increased. Specifically, Vietcombank has a rate of 25,820 - 26,210 VND/USD, an increase of 10 VND for both buying and selling compared to the previous trading session.

In the "black market", as of 5:00 a.m. on June 13, it decreased by 16 VND in both buying and selling directions compared to the trading session on June 12, trading around 26,256 - 26,356 VND/USD.

The EUR exchange rate at the State Bank of Vietnam's buying and selling exchange center has been adjusted up, currently at: 27,344 VND - 30,223 VND.

The Japanese Yen exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 165 VND - 182 VND.

Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-13-6-dong-usd-tiep-da-giam-manh-255427.html