USD exchange rate today (June 13): USD continues to record a sharp decline

USD exchange rate today: Early morning of June 13, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased slightly, currently at 24,990 VND.

Meanwhile, 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.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

USD exchange rate today in the world

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.

The dollar has lost some of its safe-haven status, according to Vassili Serebriakov, a foreign exchange strategist at UBS in New York. “The euro is benefiting from that, as it is the second-largest global reserve currency, the second-largest trade settlement currency, and the main alternative to the dollar,” Serebriakov added.

On trade, US President Donald Trump said he was willing to extend the deadline for trade negotiations until July 8, but at the same time said the US would send letters to dozens of countries in the coming weeks, outlining the trade terms they could accept or reject.

This leaves the risk of a US import tariff hike on July 9 still present - and this is a negative factor for the USD, according to some investors. Previously, the greenback and US government bonds fell sharply after US President Donald Trump announced a series of retaliatory tariffs in early April - calling it "Liberation Day".

Domestic USD exchange rate today

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 USD exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 23,791 VND - 26,189 VND.

USD exchange rates at commercial banks are as follows: