In the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), fell 0.22%, currently standing at 99.11.
Today's USD exchange rate worldwide
The US dollar fell from a six-week high on Wednesday, amid rising expectations that the U.S. is nearing a deal with Iran to end the conflict in the Middle East.
US President Donald Trump said that negotiations with Iran had entered their final stages, while warning that attacks would continue if Tehran did not accept a deal. This news caused US Treasury yields to fall sharply, putting pressure on the US dollar, a safe-haven asset that tends to move in the same direction as yields.
Marc Chandler, managing director at Bannockburn Global Forex, said the dollar is also approaching technical levels that suggest a downward correction is likely inevitable.
This development comes as the Japanese yen has weakened against the US dollar for seven consecutive sessions, its longest losing streak since October last year.
Growing concerns that war-related inflation could further erode core consumer spending are fueling expectations of continued interest rate increases and a more hawkish stance from central banks in monetary policy.
The yield on the benchmark 10-year U.S. Treasury bond rose to its highest level in 16 months on Tuesday, while the yield on the 30-year Treasury bond touched its highest level since 2007.
The minutes of the Federal Reserve's April meeting, released Wednesday, showed that an increasing number of officials believe the Fed needs to prepare for a potential interest rate hike, a sign that incoming Chairman Kevin Warsh will take over a more hawkish policymaking body.
Traders in the Fed interest rate futures market now assess a 50% chance that the Fed will raise interest rates before January, a sharp reversal from the period before the conflict with Iran erupted in late February, when the market expected the Fed to have two interest rate cuts this year.
Accelerated economic growth has bolstered expectations of maintaining higher interest rates, while a resilient labor market has significantly weakened the argument for rate cuts.
In an interview with Fortune magazine published on Monday, President Donald Trump acknowledged that he might have to wait until the war with Iran is over before cutting interest rates becomes possible.
Meanwhile, the euro rose 0.21% to 1.1628 USD/EUR.
The British pound rose 0.37% to 1.3442 USD/GBP.
The Australian dollar, often seen as a barometer of market risk appetite, rose 0.63% against the US dollar, to 0.5871 USD/AUD.
The recent rise of the US dollar has pushed the Japanese yen close to the 160 yen/USD mark, a level that forced Japanese authorities to conduct their first foreign exchange market intervention in nearly two years last month.
The Japanese yen rose 0.14% against the US dollar in the latest trading session, reaching 158.82 yen/USD.
Domestic USD exchange rate today
On the domestic market, at the beginning of today's trading session (May 21), the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 25,135 VND.
The USD exchange rate at the State Bank of Vietnam's exchange desk increased slightly for buying and selling, currently standing at 23,929 VND - 26,341 VND.
The USD exchange rates at commercial banks for buying and selling are as follows:
USD exchange rate | Buy | Sell |
26,131 VND | 26,391 VND | |
Vietinbank | 26,000 VND | 26,391 VND |
MB | 26,161 VND | 26,391 VND |
The EUR exchange rate at the State Bank of Vietnam's exchange desk decreased, currently standing at 27,696 VND - 30,612 VND for buying and selling respectively.
The EUR exchange rates at commercial banks for buying and selling are as follows:
EUR exchange rate | Buy | Sell |
Vietcombank | 29,780 VND | 31,350 VND |
Vietinbank | 29,786 VND | 31,506 VND |
MB | 30,140 VND | 31,420 VND |
The Japanese yen exchange rate at the State Bank of Vietnam's exchange remains unchanged, currently at 150 dong - 166 dong for buying and selling.
The Japanese Yen exchange rates at commercial banks for buying and selling are as follows:
Japanese Yen exchange rate | Buy | Sell |
Vietcombank | 160.01 VND | 170.18 dong |
Vietinbank | 160.43 VND | 171.93 VND |
MB | 161.76 VND | 170.82 VND |
Source: https://baolangson.vn/ty-gia-usd-hom-nay-21-5-dong-usd-mat-da-tang-5092583.html
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