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 decreased by 7 VND, currently at 23,722 VND.
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 0.48% to 104.04.
USD exchange rate in the world today
The US dollar rebounded in the last trading session, after the May non- farm payrolls report showed a rise in the number of jobs, as investors weighed the possibility that the US Federal Reserve (Fed) could skip an interest rate hike this June.
DXY Index volatility chart over the past 24 hours. Photo: Marketwatch |
The report showed that public and private sector payrolls increased by 339,000 in May, far exceeding the 190,000 median forecast by economists . The May jobs jump followed a 253,000 gain in April. However, the unemployment rate rose to 3.7% from a 53-year low of 3.4% in April.
Earlier, the DXY Index saw its worst decline in nearly a month, after Fed officials signaled the central bank would abandon a rate hike this month.
“The Fed has made it difficult for itself with its latest statements about the need to pause and then consider raising rates in July. I think they will regret it after today’s non-farm payrolls,” said Paresh Upadhyaya, director of currency and fixed income strategy at Amundi US.
Money markets are now pricing in about a 29% chance the Fed will raise interest rates in June, down from nearly 70% at the start of the week.
Philadelphia Fed President Patrick Harker said on June 1 that “it’s time to at least pause and take stock of everything around us.” A day earlier, Fed Governor Philip Jefferson said skipping a rate hike “will allow the Fed to carefully consider the data before making any additional policy decisions.”
The US Senate passed a bill on the evening of June 1 to suspend the debt ceiling and prevent a catastrophic default.
The dollar rose 0.8% against the yen this week, on track for its biggest weekly gain since mid-May. The pound rose 0.8% against the dollar. Elsewhere, the euro fell 0.45% to $1.07135. The single currency fell from a one-week high after European Central Bank President Christine Lagarde said further policy tightening was needed.
USD exchange rate today (June 3): The world USD rebounded to the 104 mark. Illustration photo: Reuters |
Domestic USD exchange rate today
In the domestic market, at the end of the trading session on June 2, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 7 VND, currently at: 23,722 VND.
* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,400 VND - 24,858 VND.
USD exchange rates at commercial banks are as follows:
USD exchange rate | Buy | Sell |
Vietcombank | 23,310 VND | 23,650 VND |
Vietinbank | 23,270 VND | 23,690 VND |
BIDV | 23,320 VND | 23,620 VND |
* The Euro exchange rate at the State Bank's buying and selling exchange center increased slightly to: 24,246 VND - 26,799 VND.
Euro exchange rates at commercial banks are as follows:
Euro exchange rate | Buy | Sell |
Vietcombank | 24,862 VND | 25,991 VND |
Vietinbank | 24,292 VND | 25,582 VND |
BIDV | 24,882 VND | 26,005 VND |
MINH ANH
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