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) fell sharply by 1.18% to 100.56.

USD exchange rate today in the world

The US dollar continued to fall to its lowest level in more than a year in the last trading session, after the release of US Consumer Price Index data, supporting the US Federal Reserve (Fed) may only raise interest rates once more this year.

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

Inflation in the US has been largely contained, with US consumer prices rising just 0.2% in June and recording the smallest annual increase in more than two years as inflation continued to cool. In the 12 months through June, the CPI rose 3.0%, lower than economists ' estimates of 3.1%.

Simon Harvey, head of FX at Monex Europe, said the latest data showing signs of cooling inflation had reinforced the market’s initial view of the Fed’s interest rate decision, with investors believing the US central bank would likely raise interest rates just one more time.

US interest rate futures still show traders expect the Fed to raise interest rates by another 25 basis points, to a range of 5.25% - 5.5%, at the Fed's July 25-26 meeting.

In a contrasting move, the euro rose to its highest since March last year at $1.1134.

Against the yen, the dollar fell to a six-week low of 138.17 yen. Meanwhile, the pound hit a fresh 15-month high of $1.30, last trading up 0.4 percent at $1.2984. The pound's recovery is being fueled by expectations that the Bank of England will raise interest rates further to curb inflation.

USD exchange rate today July 13, 2023: USD falls to one-year low. Illustration photo: Reuters

USD exchange rate today in the country

In the domestic market, at the end of the trading session on July 12, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased sharply by 15 VND, currently at: 23,772 VND.

* The reference exchange rate at the State Bank's transaction office has decreased, currently at: 23,400 VND - 24,910 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,510 VND

23,850 VND

Vietinbank

23,450 VND

23,850 VND

BIDV

23,540 VND

23,840 VND

* The Euro exchange rate at the State Bank's buying and selling exchange center increased slightly to: 24,882 VND - 27,502 VND.

Euro exchange rates at commercial banks are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

25,686 VND

26,853 VND

Vietinbank

25,409 VND

26,699 VND

BIDV

25,711 VND

26,869 VND

MINH ANH