Foreign exchange rates today June 20: USD regains its position

The dollar rose slightly as the threat of a wider conflict in the Middle East continued to cast a shadow over global markets, while a series of mixed decisions from European central banks showed they were struggling to manage policy amid global uncertainty.

Foreign exchange rates on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 99.02 - up 0.33 points compared to June 19, 2025.

The rapidly escalating geopolitical tensions have helped the dollar regain its safe-haven status. Israel and Iran continued to launch airstrikes on each other on the same day as the conflict entered its seventh day. The prospect of the US entering the war is also making investors more nervous, especially since former President Donald Trump has yet to make a clear stance on whether he will join Israel in attacking Iran’s nuclear facilities.

The US Federal Reserve (Fed) kept interest rates unchanged at its meeting on Wednesday. The Bank of England (BoE) also kept rates unchanged on Thursday, citing rising global uncertainty and persistent inflation as key factors weighing on the economic outlook. The pound initially fell after the decision, but has since recovered most of its losses.

The euro fell 0.1 percent to $1.1473. The dollar rose 0.2 percent against the yen to 145.56 yen.

The geopolitical risks and high oil prices are not caused by the US, unlike internal risks such as Trump’s tax cuts or tariffs that have previously put pressure on the dollar, said Francesco Pesole, a foreign exchange strategist at ING bank. Therefore, the greenback could once again maintain its safe-haven status. “The US dollar is still in a more favourable position compared to energy-dependent safe-havens such as the euro,” said Francesco Pesole, a foreign exchange strategist at ING bank.

In a widely expected decision, the US Federal Reserve decided to keep interest rates unchanged, while signaling that it still expects to cut rates by a total of 0.5 percentage points this year - although not all members agree on the need for cuts.

Fed Chairman Jerome Powell said that goods inflation is likely to pick up this summer as Trump’s tariffs begin to hit consumers. “Ultimately, the costs of the tariffs will have to be paid, and some of that will be passed on to end consumers,” Powell said at a press conference on Wednesday. “We know that because businesses are saying so. The historical data confirms that.”

Mr Powell's comments underscore the challenge facing policymakers as markets struggle to navigate risks from tax policy and geopolitical tensions that have made the path of US interest rates more uncertain.

Still, traders are betting on at least two rate cuts this year, although analysts remain unclear about when the Fed will act.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on June 20, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,025 VND.

The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 23,824 VND - 26,226 VND.

USD exchange rates at commercial banks are as follows:

At Vietcombank, the USD exchange rate is 25,886 - 26,276 VND/USD, up 33 VND in both directions, compared to yesterday's trading session.

NCB Bank is buying USD cash at the lowest price: 1 USD = 25,750 VND

VietinBank is buying USD transfers at the lowest price: 1 USD = 25,770 VND

HSBC Bank is buying USD cash at the highest price: 1 USD = 25,988 VND

OCB Bank is buying USD transfers at the highest price: 1 USD = 26,000 VND

HSBC Bank is selling USD cash at the lowest price: 1 USD = 26,222 VND; selling USD transfer at the lowest price: 1 USD = 26,222 VND

ABBank, Agribank, BIDV, Eximbank, HDBank, Hong Leong, LPBank, MSB, MB, NCB, PublicBank, Saigonbank, SeABank, Techcombank, TPB, UOB, VietABank, VietCapitalBank, Vietcombank, VietinBank, VPBank, VRB are selling USD cash at the highest price: 1 USD = 26,276 VND

ABBank, LPBank, MSB, MB, NCB, OCB, PublicBank, SeABank, TPB, VCBNeo are selling USD transfers at the highest price: 1 USD = 26,276 VND

In the "black market", the black market USD exchange rate as of 4:30 a.m. on June 20, 2025 decreased by 16 VND in both directions compared to yesterday's trading session, trading around 26,313 - 26,413 VND/USD.

Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-20-6-dong-usd-lay-lai-vi-the-256126.html