USD exchange rate today (August 14): USD continues to weaken

USD exchange rate today: Early morning of August 14, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased, currently at 25,247 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 0.32%, currently at 97.79.

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

USD exchange rate today in the world

The dollar fell for a second straight session on Wednesday, a day after U.S. inflation data raised expectations the Federal Reserve will cut interest rates next month, as President Donald Trump continued to press for lower rates, fueling the sell-off.

The US consumer price index (CPI) rose slightly in July, as expected, as the impact of Mr Trump's sweeping tariffs on prices has so far been limited, data released on Tuesday showed.

On Wednesday, US Treasury Secretary Scott Bessent called for a “series of rate cuts” and suggested the Fed could kick off the policy easing process with a 50 basis point cut.

A day earlier, US President Donald Trump, who has repeatedly criticized Fed Chairman Jerome Powell for not lowering interest rates sooner, continued to increase pressure on the central bank.

“I think there is significant political pressure from Washington on the Fed to act on interest rates soon,” said Shaun Osborne, chief foreign exchange strategist at Scotiabank.

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said the Fed is trying to determine whether the tariffs will only cause a temporary increase in inflation or a longer-term one.

The dollar’s recent weakness threatens to erase a brief recovery since early July, after the greenback lost about 10% in the first half of the year. “We haven’t seen enough strength for the dollar to signal a reversal from its fairly clear downtrend,” said Shaun Osborne.

The weaker dollar supported the euro and sterling. The common European currency rose 0.2% to $1.1698, at one point hitting its highest since July 28. The pound rose 0.5% to $1.3567, also hitting its highest since July 24.

The UK labour market continued to weaken but wage growth remained strong, according to data released on Tuesday, reflecting the Bank of England's cautious approach to cutting interest rates.

The Australian dollar rose 0.2% to $0.6541, while the New Zealand dollar rose 0.3% to $0.5973. Earlier on Tuesday, the Reserve Bank of Australia (RBA) cut interest rates as expected and signaled further policy easing may be needed to meet its inflation and employment targets amid slowing economic growth.

Illustration photo: cafef.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on August 14, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,247 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 24,031 VND - 26,455 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate	Buy	Sell
Vietcombank	26,060 VND	26,450 VND
Vietinbank	25,920 VND	26,460 VND
BIDV	26,090 VND	26,450 VND

* The current EUR exchange rate at the State Bank's exchange office is: 27,865 VND - 30,798 VND.

EUR exchange rates at commercial banks are as follows:

EUR exchange rate	Buy	Sell
Vietcombank	29,885 VND	31,460 VND
Vietinbank	29,938 VND	31,648 VND
BIDV	30,259 VND	31,500 VND

* The current buying and selling rate of Japanese Yen at the State Bank of Vietnam is: 162 VND - 179 VND.

The buying and selling rates of Japanese Yen at commercial banks are as follows:

Japanese Yen Exchange Rate	Buy	Sell
Vietcombank	171.55 VND	182.45 VND
Vietinbank	174.23 VND	183.93 VND
BIDV	174.53 VND	182.21 VND

Source: https://baolangson.vn/ty-gia-usd-hom-nay-14-8-dong-usd-tiep-tuc-suy-yeu-5056017.html