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% to 103.02.

USD exchange rate in the world today

The US dollar fell in the last trading session, after the US Federal Reserve (Fed) decided to keep interest rates unchanged as expected.

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

At its two-day policy meeting, the Federal Open Market Committee (FOMC) said: "Holding the target range at this meeting allows the Committee to further assess the economic data and its implications for monetary policy." However, the Fed also signaled the need for further rate hikes. The US central bank's forecast shows that most policymakers agree that further tightening of monetary policy is needed.

The federal funds rate is expected to peak at 5.6% this year, meaning two more 25 basis point hikes in 2023. That's up from an estimate of 5.1% in the last set of forecasts released in March.

“While inflation is moving in the right direction, it is moving rather slowly,” said Chris Low, chief economist at FHN Finance in New York. “The biggest surprise was not the pause or the intention to continue raising rates, but the number of basis points the Fed planned to raise.”

Traders are now betting on a 70% chance the Fed will raise interest rates again next month after skipping a rate hike in June.

“It is possible that this level will remain for some time,” said Srijan Katyal, global head of trading strategy and services at international brokerage ADSS, noting that the previous level, the federal funds rate, stood at 5.25 percent in 2006 and remained there from July 2006 to August 2007 before being cut following the global financial crisis.

The Fed's decision was supported by a report on June 14 showing that US producer prices fell more than expected in May. Meanwhile, data released on June 13 showed that the US Consumer Price Index rose 0.1% in May, after rising 0.4% in April. In the 12 months through May, the CPI rose 4.0% - the smallest annual increase since March 2021.

Meanwhile, the Euro rose 0.3% to $1.0827. Against the Japanese Yen, the USD fell 0.2% to $139.905.

The European Central Bank (ECB) interest rate decision is due today. Markets are pricing in a 25 basis point rate hike and another hike in July before pausing for the year.

USD exchange rate today (June 15): USD decreased after the Fed temporarily stopped raising interest rates. Illustration photo: Reuters.

Domestic USD exchange rate today

In the domestic market, at the end of the trading session on June 14, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 1 VND, currently at: 23,700 VND.

* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,400 VND - 24,835 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,330 VND

23,670 VND

Vietinbank

23,295 VND

23,715 VND

BIDV

23,355 VND

23,655 VND

* The Euro exchange rate at the State Bank's buying and selling exchange center increased slightly to: 24,291 VND - 26,848 VND.

Euro exchange rates at commercial banks are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

24,952 VND

26,086 VND

Vietinbank

24,578 VND

25,868 VND

BIDV

24,947 VND

26,073 VND

MINH ANH