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 0.81% to 98.81.
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| DXY Index volatility chart over the past 24 hours. Photo: Marketwatch |
USD exchange rate today in the world
The US dollar enjoyed a notable rally despite earlier signs of a sharp decline, supported by unexpected retail sales data, safe-haven sentiment amid Middle East tensions, and expectations that the Fed would not rush to intervene.
The dollar pared losses and traded firmer against the yen after economic data showed US consumers were becoming more cautious amid lingering trade and inflation uncertainty, just ahead of the Federal Reserve’s interest rate decision this week.
US retail sales fell short of expectations in May, but consumer spending was still supported by solid wage growth.
The dollar initially weakened after the data was released, but quickly reversed as markets digested the mixed picture from the data, thereby overshadowing the yen's gains following the Bank of Japan's (BOJ) interest rate decision earlier.
“Weaker-than-expected retail sales data and weak consumer price index (CPI) readings last week have fueled speculation about a Fed rate cut, including calls from US President Donald Trump for a cut of as much as 100 basis points,” said Uto Shinohara, senior investment strategist at Mesirow Currency Management. “However, the full inflationary impact of the new tariffs has yet to be fully reflected,” he added.
Broad risk sentiment remains fragile, amid the conflict between Israel and Iran.
The Bank of Japan (BOJ) ended its two-day monetary policy meeting without major surprises, keeping interest rates unchanged and announcing a new plan to slow the pace of asset write-downs next year amid rising risks from Middle East conflicts and US tariffs.
The yen fluctuated between gains and losses after the decision, and turned lower when BOJ Governor Kazuo Ueda held a press conference. The dollar later rose 0.25% against the yen to 145.17 yen.
Japanese Prime Minister Shigeru Ishiba and US President Donald Trump have yet to reach a trade deal.
The developments in the Middle East continue to keep markets on edge. Markets are being torn between the Middle East war and the trade war, said Adam Button, chief currency analyst at ForexLive. “So I think the market is having a hard time focusing on the economic data, even with the Fed announcing its decision tomorrow,” he said.
In other markets, the EUR fell 0.37% to $1.1516.
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| Illustration photo / cafef.vn |
Domestic USD exchange rate today
In the domestic market, at the beginning of the trading session on June 18, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,998 VND.
* The reference USD exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 23,799 VND - 26,197 VND.
USD exchange rates at commercial banks are as follows:
USD exchange rate | Buy | Sell |
Vietcombank | 25,857 VND | 26,247 VND |
Vietinbank | 25,911 VND | 26,247 VND |
BIDV | 25,880 VND | 26,240 VND |
* The EUR exchange rate at the State Bank's buying and selling exchange center increased, currently at: 27,433 VND - 30,320 VND.
EUR exchange rates at commercial banks are as follows:
EUR exchange rate | Buy | Sell |
Vietcombank | 29,336 VND | 26,247 VND |
Vietinbank | 29,630 VND | 30,885 VND |
BIDV | 29,715 VND | 30,968 VND |
* The Japanese Yen exchange rate at the State Bank's exchange office for buying and selling has slightly decreased, currently at: 164 VND - 181 VND.
Japanese Yen Exchange Rate | Buy | Sell |
Vietcombank | 173.82 VND | 184.87 VND |
Vietinbank | 173.71 VND | 185.21 VND |
BIDV | 176.84 VND | 184.68 VND |
HUYEN TRANG
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Source: https://baodaknong.vn/ty-gia-usd-hom-nay-18-6-dong-usd-tang-gia-sau-du-lieu-kinh-te-trai-chieu-tu-my-255884.html
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