USD and Yen exchange rate continues to increase, USD slightly decreases, waiting for signal from Japan

How much is 1 USD in VND today?

The central exchange rate is listed by the State Bank at 24,060 VND/USD.

Today's black market USD exchange rate is at 24,090 - 24,460 VND (buy - sell).

Vietcombank USD exchange rate today is listed at: 24,090 VND - 24,460 VND (buy - sell).

Vietcombank Euro exchange rate is currently at 25,186 VND - 26,595 VND (buy - sell).

The current Japanese Yen exchange rate is 159.81 VND - 169.20 VND (buy - sell).

The current exchange rate of British Pound is 29,150 VND - 30,391 VND (buy - sell).

Today's Yuan exchange rate is at 3,256 VND - 3,396 VND (buy - sell).

USD price today

The US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recording at 105.33 points.

Foreign exchange rates today. Photo: CNBC

The US dollar fell in the last session just one day after the Federal Reserve decided to keep interest rates unchanged. In addition, the FED still reinforced its "hawkish" stance with the expectation of continuing to raise interest rates later this year.

The British pound and Swiss franc fell after the Bank of England and the Swiss National Bank kept interest rates unchanged. Meanwhile, the Japanese yen strengthened after the Bank of Japan announced its stance on currency markets.

The Fed's decision to keep interest rates steady at 5.25%-5.50% was seen as in line with market expectations. However, the move also signaled a tougher stance from the Federal Reserve, with the belief that it can beat inflation without causing a recession .

Along with the possibility of another rate hike this year, the Fed's latest forecasts show that interest rates will be significantly tighter through 2024 than previously expected.

“The dollar bulls got what they wanted,” said Helen Given, a foreign exchange strategist at Monex USA. “The Fed has also been quite successful in guiding the market toward a scenario where a recession is avoided. Of course, this is in stark contrast to the guidance from the ECB and the BOE, which are facing much worse circumstances.”

The dollar index, which measures the currency against a basket of major currencies, was down 0.1% at 105.33.

The euro fell 0.02% to 1.0658 EUR/USD.

The pound fell to its lowest level since March after the Bank of England held interest rates steady following a lower-than-expected inflation report. The move was the first time since December 2021 that the BoE did not raise interest rates at its monetary policy meeting, ending a streak of 14 consecutive rate hikes.

The British pound fell 0.41% to 1.2293 GBP/USD.

Earlier, the Swiss franc fell after the Swiss National Bank unexpectedly kept interest rates steady, marking the first time the agency has stopped raising rates since March 2022. However, the possibility of further tightening remains open.

Meanwhile, the Yen exchange rate increased by 0.58% to 147.46 JPY/USD as the market remained focused on the possibility of the Japanese government intervening in the foreign exchange market to narrow the pair.

Japan will not rule out any way to address excessive volatility in the currency market, the government said, adding that it has issued a fresh warning about the yen's decline past the psychologically important level of 150 yen to the dollar.

Sweden's Riksbank and Norway's central bank both raised interest rates by 25 basis points, in line with expectations.

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