USD jumps, Japanese Yen sold off

Foreign exchange rates, USD/VND exchange rate today, June 26, recorded an increase in the USD thanks to "hawkish" comments from Fed officials.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: June 26, 2024 08:29 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,494.14	16,660.75	17,195.20
CANADIAN DOLLAR	CAD	18,157.37	18,340.78	18,929.12
SWISS FRANC	CHF	27,783.38	28,064.02	28,964.27
YUAN RENMINBI	CNY	3,432.71	3,467.38	3,579.15
DANISH KRONE	DKK	-	3,593.45	3,731.05
EURO	EUR	26,602.82	26,871.53	28,061.41
Sterling Pound	GBP	31,448.93	31,766.60	32,785.62
HONGKONG DOLLAR	HKD	3,175.45	3,207.52	3,310.41
INDIAN RUPEE	INR	-	304.00	316.15
YEN	JPY	154.62	156.18	163.64
KOREAN WON	KRW	15.88	17.65	19.25
KUWAITIAN DINAR	KWD	-	82,716.86	86,023.54
MALAYSIAN RINGGIT	MYR	-	5,347.00	5,463.60
NORWEGIAN KRONER	NOK	-	2,365.13	2,465.54
RUSSIAN RUBLE	RUB	-	275.12	304.56
SAUDI RIAL	SAR	-	6,762.61	7,032.95
SWEDISH KRONA	SEK	-	2,379.47	2,480.48
SINGAPORE DOLLAR	SGD	18,331.90	18,517.07	19,111.07
THAILAND	THB	614.03	682.25	708.38
US DOLLAR	USD	25,215.00	25,245.00	25,465.00

Exchange rate developments in the domestic market

In the domestic market, according to TGVN at 7:30 a.m. on June 26, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,253 VND, down 9 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,215 VND - 25,465 VND.

Vietinbank : 25,245 VND - 25,246 VND.

Foreign exchange rates, USD/VND exchange rate today, June 26: USD increased, Japanese Yen was sold off. (Source: Arab News)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) was at 105.62, up 0.15%.

The dollar rose, bolstered by hawkish comments from Federal Reserve officials and data showing a steady housing market in the world’s largest economy, suggesting the Fed will be in no rush to start a rate-cutting cycle.

Michelle Bowman, a member of the Fed's Board of Governors, stressed that keeping policy rates steady "for some time" would likely help control inflation.

She also reiterated her readiness to raise borrowing costs if necessary.

Mixed US economic data still allows the USD to maintain gains.

“Some of the previous gloomy data was not enough to weaken the greenback,” said Thierry Wizman, global rates and foreign exchange strategist at Macquarie in New York.

Investors are now awaiting the US personal consumption expenditures (PCE) price index - the Fed's preferred inflation gauge - due on June 28.

The dollar rose 0.1 percent against the yen to 159.68 yen. Concerns about intervention from Japanese officials prevented traders from selling the yen aggressively.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-266-usd-bat-tang-yen-nhat-bi-ban-thao-276277.html