USD exchange rate today (August 15): USD increases due to strong increase in US producer price index

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) increased by 0.36%, currently at 98.20.

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

USD exchange rate today in the world

The US dollar rose broadly after US producer prices rose more than expected in July as the cost of goods and services rose, suggesting inflation could pick up broadly in the coming months. While the data did not change expectations for a September rate cut, it raised concerns that import tariffs could continue to fuel inflation in the coming months and could change the Fed’s rate-cutting path for the rest of the year.

St. Louis Fed President Alberto Musalem said that a half-point rate cut in September was inappropriate given the current economic situation, with inflation still above the Fed's 2% target and businesses only in the early stages of adjusting to higher import tariffs.

The inflation data also raises questions about whether the Fed can maintain its aggressive pace of rate cuts for the rest of the year, according to Matt Weller, director of global market research at StoneX.

“Some people say we could see three cuts in a row of 25 basis points each… but if inflation stays at this level, the maximum possibility is only two cuts, and even that is uncertain,” he said.

Although financial markets have largely priced in a rate cut on September 17, rising services inflation and expectations that tariffs will continue to push up prices have some economists skeptical that the Fed will ease policy more aggressively unless the labor market deteriorates significantly. Traders still see a September rate cut as a near certainty, according to data from the London Stock Exchange Group (LSEG).

The euro fell 0.5% to $1.16413, while the pound fell 0.3% to $1.35325. However, analysts warned against expecting a sustained dollar recovery.

“The market is still ‘all in’ on a September rate cut, at least until we hear from Chairman Powell at Jackson Hole next week,” said Michael Brown, a market analyst at Pepperstone in London, referring to the Fed’s Jackson Hole Economic Conference later this month.

The dollar, which fell against the yen earlier in the session after U.S. Treasury Secretary Bessent suggested the Bank of Japan should raise interest rates again soon, reversed course and rose 0.3 percent to 147.87 yen.

The stronger greenback weighed on the Australian dollar, although strong jobs data helped ease concerns about a labor market downturn and reduce the need for a near-term rate cut. The Australian dollar fell 0.8% to $0.6495.

USD increases in value. Photo: thoibaonganhang.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on August 15, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,240 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center has decreased, currently at: 24,028 VND - 26,452 VND.

USD exchange rates at commercial banks are as follows: