Meanwhile, in the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose 0.07%, reaching 103.63.

Today's USD exchange rate worldwide

The US dollar edged higher in the last trading session, trading within a narrow range as investors remained cautious ahead of several key policy decisions this week, with the Federal Reserve expected to keep interest rates unchanged at its June policy meeting.

Chart showing the fluctuations of the DXY Index over the past 24 hours. Image: Marketwatch.

Monetary policy meetings at the Fed, the European Central Bank (ECB), and the Bank of Japan (BOJ) will significantly influence the markets this week.

Meanwhile, US inflation data for May will also be released today, before the Fed begins its two-day meeting.

Helen Given, a foreign exchange trader at Monex USA in Washington, said that everyone seems to be holding their breath and waiting for a signal from Fed Chairman Jerome Powell. A Fed interest rate hike at this week's meeting could positively support the dollar because it goes against current market expectations,” Given emphasized.

According to FedWatch, the money market is leaning towards the Fed pausing interest rate hikes in June, but most expect a rate increase at the July meeting. Conversely, most economists predict the ECB will raise its benchmark interest rate by 25 basis points at its May 15 meeting.

Conversely, the euro edged higher at $1.0760. Meanwhile, the Japanese yen fell 0.2% to 139.55/USD ahead of the two-day BOJ meeting, which is expected to maintain its “ultra-loose” monetary policy.

In addition, the Reserve Bank of New Zealand announced last month that it had raised interest rates to their highest level in over 14 years at 5.5%, ending the sharpest rate hike since 1999. This caused the NZD to fall by 2.7% in May.

Today's USD exchange rate (June 13): The US dollar in Vietnam reverses its upward trend and falls. Illustration photo: Reuters.

Domestic USD exchange rate today

On the domestic market, at the end of the trading session on June 12, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar decreased by 17 dong, currently at: 23,700 dong.

* The reference exchange rate at the State Bank of Vietnam's exchange floor for buying and selling has decreased slightly, currently at: 23,400 VND - 24,835 VND.

The USD exchange rates at commercial banks for buying and selling are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,300 VND

23,640 VND

Vietinbank

23,280 VND

23,700 VND

MB

23,335 VND

23,635 VND

* The Euro exchange rate at the State Bank of Vietnam's exchange desk decreased slightly, with buying and selling rates at 24,200 VND – 26,748 VND.

The Euro exchange rates at commercial banks for buying and selling are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

24,800 VND

25,927 VND

Vietinbank

24,392 VND

25,682 VND

MB

24,838 VND

25,959 VND

MINH ANH