Exchange rates of USD, EUR, AUD, CAD, Japanese Yen, British Pound... Fed's forecast causes the greenback to slightly decrease

Update foreign exchange rates today, June 8, USD, EUR, AUD, CAD, Pound, Japanese Yen, exchange rates... The Fed's forecast causes the greenback and Japanese Yen to decrease, while the Euro and CAD increase.

Tỷ giá ngoại tệ hôm nay 8/6: Tỷ giá USD, EUR, AUD, CAD, Yên Nhật, Bảng Anh... Dự kiến của Fed khiến đồng bạc xanh giảm nhẹ

Foreign exchange rates today, June 8: USD, EUR, AUD, CAD, Japanese Yen, British Pound... Fed's forecast causes the greenback to slightly decrease. (Source: Forbes)

Foreign exchange rates today 6/8

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of June 8 was announced by the State Bank at 23,714 VND/USD, up 1 VND compared to the previous day.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,872 VND/USD and the floor rate is 22,519 VND/USD.

At commercial banks this morning, the prices of USD and Chinese Yuan (CNY) almost decreased slightly.

At 8:30 a.m., at BIDV , the USD price was listed at 23,340 - 23,640 VND/USD (buy - sell), keeping the same price in both buying and selling directions compared to yesterday's trading session.

The price of CNY at this bank is listed at 3,241 - 3,350 VND/CNY (buy - sell), down 4 VND in both buying and selling compared to yesterday's trading session.

The greenback price at Vietcombank is listed at 23,285 - 23,655 VND/USD (buy - sell), down 5 VND in both buying and selling compared to yesterday's trading session.

The listed CNY price is 3,226 - 3,364 VND/CNY (buy - sell), down 5 VND in both buying and selling compared to yesterday's trading session.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from June 8-14
1	EUR	Euro	24,488.84	25,860.06	25,353.94
2	JPY	Japanese Yen	163.88	173.50	170.28
3	GBP	British Pound	28,452.83	29,666.05	29,470.52
4	AUD	Australian Dollar	15,295.23	15,947.41	15,837.91
5	CAD	Canadian Dollar	17,095.00	17,823.93	117,692.31
6	RUB	Russian Ruble	274.78	304.23	291.67
7	KRW	Korean Won	15.64	19.05	18.24
8	INR	Indian Rupee	283.88	295.27	287.3
9	HKD	Hong Kong Dollar (China)	2,918.36	3,042.80	3,024.35
10	CNY	Chinese Yuan China	3,231.00	3,369.00	3,331.55

(Source: State Bank, Vietcombank)

Exchange rate developments in the world market

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 slightly by 0.01% to 104.11.

Specifically, the greenback exchange rate in the world today decreased, the Euro increased, and the Japanese Yen decreased.

The greenback was slightly adjusted in the last trading session, as investors waited for the US inflation data for May, along with the interest rate decision of the US Federal Reserve (Fed) to be announced next week.

The U.S. central bank is expected to keep interest rates unchanged at its next policy meeting, as it reviews the impact of its recent rate hikes. However, Fed funds futures traders are pricing in another rate hike in July. Economists also expect consumer inflation to rise 0.30% in May.

“That CPI number will also be very important for the Fed’s decision,” said Bipan Rai, head of North American foreign exchange strategy at CIBC Capital Markets in Toronto, Canada.

Earlier, data released on June 7 showed the US trade deficit widened to an eight-year high in April, as goods imports rebounded while energy exports fell.

“Inflation in the US, as well as in most G10 countries, is persistent and likely to rise again, forcing central banks to be extremely cautious,” said Jane Foley, chief strategist at Rabobank.

Elsewhere, the dollar rose 0.31 percent against the Japanese yen to 140.10 yen, while the euro rose 0.11 percent against the greenback to $1.0703. The Canadian dollar rose after the Bank of Canada raised its benchmark overnight interest rate to 4.75 percent, a 22-year high. The dollar fell 0.23 percent against the Canadian dollar.

Source