USD exchange rate today (June 22): USD experienced a series of fluctuations...

The USD Index (DXY), which measures the greenback's performance against six major currencies, fell 0.13% to 98.77 this week.

USD exchange rate in the world last week

Over the past week, the USD has experienced a series of important events and fluctuations, strongly influenced by geopolitical factors, monetary policy and oil market developments.

Chart of DXY Index fluctuations over the past week. Photo: Marketwatch

The dollar strengthened against safe-haven currencies such as the Japanese yen and Swiss franc in early trading, but weakened against most other major currencies, as investors kept an eye on the conflict between Israel and Iran and braced for a busy week of central bank meetings.

On June 18, the US dollar experienced a remarkable increase in price despite signs of a sharp decline earlier, thanks to support from unexpected retail sales data, market sentiment towards safe assets amid Middle East tensions, and expectations that the US Federal Reserve (Fed) will not rush to intervene.

The dollar rose against most major currencies on June 19, but was still weaker against the Japanese yen, after the Fed kept interest rates steady as economic uncertainty and tariffs continued to weigh on the economic outlook. Following the Fed’s decision, markets continued to focus on the conflict between Israel and Iran, which has sent investors rushing to safe-haven assets. The dollar has returned to its safe-haven status, rising about 1% against both the Japanese yen and the Swiss franc since last Thursday.

The US dollar rose slightly on June 20 as the threat of wider conflict in the Middle East continued to weigh on markets, while a series of interest rate decisions from European central banks highlighted the growing challenge of managing policy amid heightened uncertainty. The rapidly escalating geopolitical tensions have supported the greenback, helping it regain its “safe haven” status, a status it has recently strengthened.

The dollar rose to a three-week high against the safe-haven Japanese yen and also gained against the Swiss franc on June 21, as tensions in the Middle East eased after Iran backed continued talks with Europe over its conflict with Israel.

The dollar has risen the most in more than a month, but the geopolitical and monetary policy implications are still waiting for the next turning point at the end of the month - when the Fed and other central banks are likely to make new decisions.

USD exchange rate today (June 22): USD experienced a series of important fluctuations. Illustration photo: Reuters

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on June 22, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,031 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 23,830 VND - 26,232 VND.

USD exchange rates at commercial banks are as follows: