USD exchange rate today (June 3): Early morning of June 3, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD slightly decreased compared to the end of last week, currently at 24,970 VND.
USD exchange rate today in the world
The US dollar weakened significantly in the trading session on June 2 amid rising trade tensions and concerns about fiscal policy. President Donald Trump's announcement to double tariffs on steel and aluminum imports to 50% has raised concerns about a full-blown trade war with China. In addition, President Trump's proposed tax cuts and spending bill have also raised concerns about the financial stability of the US. Analysts warn that trade protectionism and excessive fiscal spending could reduce foreign investment and continue to put pressure on the USD.
The USD/EUR pair recorded a significant decline, reflecting growing concerns about US trade and fiscal policies, as well as the strength of the euro despite the monetary easing measures from the European Central Bank (ECB). The euro has gained more than 10% against the USD over the past four months, despite the European Central Bank (ECB) repeatedly cutting interest rates. The main reason is believed to be the reversal of transatlantic capital flows, as investors worried about US trade and fiscal policies and shifted capital back to Europe, which is being boosted by Germany's large fiscal stimulus package.
The euro is now at record highs in both real and nominal terms, reflecting its strong performance in international markets. ECB President Christine Lagarde has highlighted the opportunity for the euro to become a global reserve currency, although this also poses challenges for the region’s exporters.
The dollar fell nearly 0.8% to 142.85 yen on Tuesday, its lowest level in a week, wiping out all of the greenback's gains against the yen last week amid falling US Treasury yields and expectations of a change in the Federal Reserve's interest rate policy.
The dollar’s decline came after some U.S. economic data showed slowing growth, prompting investors to reassess the possibility that the Fed will keep interest rates high for longer. Meanwhile, the Japanese yen recovered slightly on expectations that the Bank of Japan (BoJ) may adjust its monetary policy in the coming time to respond to inflationary pressures.
Domestic USD exchange rate today
In the domestic market, at the beginning of the trading session on June 3, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,970 VND.
* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,772 VND - 26,168 VND.
USD exchange rates at commercial banks are as follows:
USD exchange rate | Buy | Sell |
Vietcombank | 25,810 VND | 26,200 VND |
Vietinbank | 25,695 VND | 26,205 VND |
BIDV | 25,820 VND | 26,180 VND |
* The EUR exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 26,971 VND - 29,810 VND.
EUR exchange rates at commercial banks are as follows:
EUR exchange rate | Buy | Sell |
Vietcombank | 28,976 VND | 30,564 VND |
Vietinbank | 28,859 VND | 30,569 VND |
BIDV | 29,233 VND | 30,504 VND |
* The Japanese Yen exchange rate at the State Bank's exchange office for buying and selling has slightly decreased, currently at: 165 VND - 183 VND.
Japanese Yen Exchange Rate | Buy | Sell |
Vietcombank | 175.74 VND | 186.91 VND |
Vietinbank | 177.93 VND | 187.63 VND |
BIDV | 178.22 VND | 186.51 VND |
Source: https://baolangson.vn/ty-gia-usd-hom-nay-3-6-dong-usd-suy-yeu-5048984.html
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