The USD Index (DXY), which measures the greenback's performance against a basket of six major currencies, currently stands at 102.87.

Predicting the trend of the USD this week.

The DXY index may remain within a certain range, before data on the US Personal Consumption Expenditures (PCE) Index - the US Federal Reserve's inflation measure - is released on June 30.

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

During a hearing before the U.S. Congress earlier last week, Fed Chairman Jerome Powell reiterated the central bank's hawkish stance on future interest rate policy. He also emphasized that, although inflation remains far from the Fed's target, the Fed may still need to raise interest rates further, but at a more "cautious pace."

The core PCE price index for May is projected to remain unchanged at 4.7% year-on-year, while the PCE price index is expected to decline from 4.4% in April to 3.8% in May.

Over the past week, the DXY index has held firm above the key support level of 102, trading within the 102-103 range. Any breakout above the resistance level at 102.50-103.25 could establish an uptrend for the US dollar. Conversely, if the index falls below 102, it could plummet to the 101-100.50 region in the coming days, establishing a short-term downtrend.

In other developments, the Euro saw a slight decline last week, falling below the key level of 1.09, but still held firm within the 1.0870-1.0850 support zone. If the currency can maintain this support level, the short-term outlook will be bullish, potentially even targeting 1.11-1.1135 in the coming weeks.

USD exchange rate today June 26: USD needs more momentum to maintain its upward momentum. Illustration photo: Reuters.

Domestic USD exchange rate today

On the domestic market, at the end of the trading session on June 23, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar remained unchanged, at 23,732 VND.

* The reference exchange rate at the State Bank of Vietnam's exchange floor remains unchanged, currently at: 23,400 VND - 24,868 VND.

The USD exchange rates at commercial banks for buying and selling are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23.30 VND

23,690 VND

Vietinbank

23,315 VND

23,735 VND

MB

23,371 VND

23,671 VND

* The Euro exchange rate at the State Bank of Vietnam's exchange desk decreased slightly, with buying and selling rates at 24,698 VND – 27,298 VND.

The Euro exchange rates at commercial banks for buying and selling are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

25,154 VND

26,297 VND

Vietinbank

24,762 VND

26,052 VND

MB

25,279 VND

26,419 VND

MINH ANH