Exchange rates of USD, EUR, AUD, CAD, Japanese Yen, British Pound... FED may skip raising interest rates, greenback falls sharply

Updated foreign exchange rates today, June 2, USD, EUR, AUD, CAD, Pound, Japanese Yen, exchange rates... The US economy is about to stabilize, the greenback is slightly increasing.

Tỷ giá ngoại tệ hôm nay 2/6: Tỷ giá USD, EUR, AUD, CAD, Yên Nhật, Bảng Anh...FED có thể bỏ qua tăng lãi suất, đồng bạc xanh giảm mạnh

Foreign exchange rates today, June 2: USD, EUR, AUD, CAD, Japanese Yen, British Pound...Fed may skip raising interest rates, greenback falls sharply. (Source: stock.adobe)

Foreign exchange rates today 6/2

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of June 2 was announced by the State Bank at 23,722 VND/USD, down 7 VND compared to yesterday.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,908 VND/USD and the floor rate is 22,535 VND/USD.

At commercial banks this morning, the USD price decreased, while the Chinese Yuan (CNY) increased.

At 8:30 a.m., at BIDV , the USD price was listed at 23,330 - 23,630 VND/USD (buy - sell), down 5 VND in both buying and selling compared to yesterday's closing price.

The price of CNY at this bank is listed at 3,255 - 3,365 VND/CNY (buy - sell), an increase of 4 VND in buying and 6 VND in selling compared to the closing price yesterday.

The greenback price at Vietcombank is listed at 23,280 - 23,650 VND/USD (buy - sell), unchanged from yesterday's closing price.

The listed CNY price is 3,241-3,380 VND/CNY (buy-sell), up 13 VND for buying and 14 VND for selling compared to yesterday's closing price.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply import and export from June 1-7
1	EUR	Euro	24,400.63	25,766.92	25,343.15
2	JPY	Japanese Yen	163.20	172.78	170.10
3	GBP	British Pound	28,388.09	29,598.57	29,367.42
4	AUD	Australian Dollar	14,838.03	15,470.73	15,397.50
5	CAD	Canadian Dollar	16,848.66	17,567.09	17,398.39
6	RUB	Russian Ruble	275.44	304.95	293.02
7	KRW	Korean Won	15.33	18.68	17.90
8	INR	Indian Rupee	283.88	295.27	286.87
9	HKD	Hong Kong Dollar (China)	2,921.55	3,046.13	3,027.64
10	CNY	Chinese Yuan China	3,241.00	3,380.00	3,341.18

(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 by 0.77% to 103.56.

Today the greenback exchange rate fell sharply, the Euro was mixed.

The greenback suffered its worst daily decline in nearly a month on Thursday as U.S. manufacturing data and comments from Federal Reserve officials reinforced expectations the central bank may skip an interest rate hike at its upcoming meeting.

Fed officials have indicated the need to pause interest rate hikes at their June 13-14 meeting, giving the central bank time to assess the impact of its policy tightening cycle so far, amid persistently high inflation.

On June 1, Philadelphia Federal Reserve President Patrick Harker said that the US central bank should not raise interest rates at its next meeting, even though high inflation is decreasing at a slow pace.

Markets are pricing in about a 32% chance the Fed will raise rates by 25 basis points at its June meeting, compared with nearly 67% a day earlier, according to CME's FedWatch tool.

Meanwhile, U.S. private payrolls data released on June 1 showed that employment increased more than expected, with 278,000 jobs added in April. This could lead to the Fed keeping interest rates on hold for a while. However, new orders continued to fall sharply amid higher interest rates.

Elsewhere, the euro recovered from a two-month low after European Central Bank (ECB) President Christine Lagarde stressed the need for further policy tightening.

Data released on June 1 showed that inflation in the 20 countries sharing the euro fell from 7.0% in April to 6.1% in May, below economists' expectations of 6.3% and three times higher than the ECB's 2% target.

Markets are currently pricing in an 85% chance of a 25 basis point ECB rate hike at its policy meeting on June 15.

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