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) decreased slightly by 0.01% to 104.11.

USD exchange rate in the world today

The US dollar was slightly adjusted in the last trading session, as investors waited for US inflation data for May, along with the US Federal Reserve's interest rate decision to be announced next week, while the CAD jumped after the Bank of Canada raised interest rates.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch.

The U.S. central bank is expected to keep interest rates unchanged at its next policy meeting, as it reviews the impact of its recent rate hikes. However, Fed funds futures traders are pricing in another rate hike in July. Economists also expect consumer inflation to rise 0.30% in May.

“That CPI number will also be very important for the Fed’s decision,” said Bipan Rai, head of North American foreign exchange strategy at CIBC Capital Markets in Toronto, Canada.

Earlier, data released on June 7 showed that the US trade deficit increased to an eight-year high in April, as goods imports increased again while exports of energy products decreased.

“Inflation in the US, as well as in most G10 countries, is persistent and likely to rise again, forcing central banks to be extremely cautious,” said Jane Foley, chief strategist at Rabobank.

Meanwhile, the Canadian dollar rose after the Bank of Canada raised its benchmark overnight interest rate to 4.75%, a 22-year high. The US dollar fell 0.23% against the Canadian dollar.

In contrast, the US dollar rose 0.31% against the Japanese yen to 140.10 yen, while the euro rose 0.11% against the greenback to 1.0703 USD.

USD exchange rate today (June 8): USD slightly decreased before the Fed meeting. Illustration photo: Reuters.

Domestic USD exchange rate today

In the domestic market, at the end of the trading session on June 7, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 7 VND, currently at: 23,713 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,400 VND - 24,848 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,320 VND

23,660 VND

Vietinbank

23,275 VND

23,695 VND

BIDV

23,330 VND

23,630 VND

* The Euro exchange rate at the State Bank's exchange office for buying and selling slightly decreased to: 24,111 VND - 26,649 VND.

Euro exchange rates at commercial banks are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

24,736 VND

25,860 VND

Vietinbank

24,291 VND

25,581 VND

BIDV

24,664 VND

25,777 VND

MINH ANH