USD exchange rate today (August 16): USD decreases

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 0.42%, currently at 97.84.

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

USD exchange rate today in the world

The dollar fell on Friday as a data-heavy week ended, bolstering the case for a September interest rate cut by the Federal Reserve, as traders awaited talks in Alaska between US President Donald Trump and Russian President Vladimir Putin.

The greenback, which rose sharply on Thursday after data showed the US producer price index (PPI) rose more than expected in July, erased most of those gains on Friday and is on track to fall 0.4% for the week against a basket of major currencies.

“Yesterday’s PPI numbers were a shock, but there is still a lack of convincing evidence of a tariff-driven surge in inflation,” said Kyle Chapman, a foreign exchange analyst at Ballinger & Co in London. “With the market still betting on a September rate cut and the focus shifting to Alaska, the dollar is giving back some of its gains this morning,” he added.

Money markets are now pricing in a 93% chance that the Fed will cut interest rates by 25 basis points in September, according to the CME FedWatch tool. That would be the first rate cut this year, and could be followed by another before the end of the year, according to the baseline forecast of a majority of economists surveyed by Reuters, amid growing concerns about the health of the world's largest economy.

Investors on Friday will be watching to see if the Trump-Putin summit makes any progress toward a ceasefire in Ukraine.

“While anything can happen at the Trump-Putin meeting, I think expectations for progress toward a lasting ceasefire are low, which puts the risk on the side of a weaker dollar if the market gets a positive surprise,” said Kyle Chapman.

Most analysts expect the euro to benefit from any ceasefire in Ukraine, with the single currency up 0.5% to $1.1702.

The dollar fell 0.4 percent to 147.23 yen against the yen after Japan reported stronger-than-expected economic growth data that showed exports held up well despite new U.S. tariffs. U.S. Treasury Secretary Scott Bessent’s comments earlier this week that the Bank of Japan may be “falling behind” in dealing with inflation risks also provided a boost to the yen this week.

The pound rose against the dollar and was on track for a weekly gain, buoyed by positive economic data and a hawkish interest rate cut by the Bank of England. The pound ended the session up 0.2% at $1.35520, bringing its weekly gain to 0.7%.

Illustration photo: thoibaotaichinhvietnam.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on August 16, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,249 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 24,037 VND - 26,461 VND.

USD exchange rates at commercial banks are as follows: