USD exchange rate today (February 22): Early morning of February 22, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 5 VND, currently at 24,638 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 0.27% to 106.64.
USD exchange rate today in the world
The US dollar rose against a range of currencies on Tuesday, including the euro, sterling and commodity-linked currencies like the Australian dollar, as investors consolidated positions ahead of the weekend, looking ahead to more inflation data next week and keeping an eye on moves around tariffs.
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| DXY Index volatility chart over the past 24 hours. Photo: Marketwatch |
“The dollar is experiencing a technical recovery after suffering a prolonged sell-off in recent weeks and other currencies are also seeing declines as trade concerns return,” said Karl Schamotta, market strategist at Corpay in Toronto, Canada.
However, the dollar pared gains after data released by S&P Global on February 21 showed that US business activity in January fell to a 17-month low along with a decline in US existing home sales data.
These reports still support the prospect of a rate cut by the US Federal Reserve (Fed) this year, although the Fed is expected to keep interest rates unchanged for the next few months.
US interest rate futures are now pricing in a cut of around 44 basis points this year, up from 38 basis points a day earlier, according to LSEG calculations. LSEG data suggests the Fed is likely to cut rates again at its September or October policy meeting.
Next, markets will look to the Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation gauge, due out next week for further confirmation on the central bank's interest rate path.
The euro fell against the dollar in afternoon trade after a series of business surveys showed a sharp contraction in France at the start of February and only a slight improvement in Germany - the euro zone's two growth engines. The euro ended the session down 0.4% at $1.0461, on track for its biggest one-day drop since early February.
The US dollar also rose against commodity currencies such as the AUD, NZD and CAD, but was slightly lower against the Swiss franc at 0.8972.
Against the Japanese yen, however, the dollar fell 0.4 percent to 149.02 after hitting a fresh 11-week low of 148.93 earlier.
The yen rose as a sell-off in Japanese government bonds pushed yields to their highest since 2009. That fueled expectations of more interest rate hikes in Japan. However, Bank of Japan Governor Kazuo Ueda quickly dismissed the idea, saying the central bank could keep long-term interest rates in check by buying government bonds. As a result, the yen has gained about 3.9% against the dollar since the beginning of February.
In the US, data showed the Composite PMI fell to 50.4 this month from 52.7 in January, which dragged the dollar down against the yen. Meanwhile, US existing home sales also fell less than expected, falling 4.9% last month.
Overall, the dollar has struggled to gain traction in recent weeks, with the index down 1.7% in February, on track for its biggest monthly decline since August.
Meanwhile, the pound also fell 0.3% to $1.2631, weighed down by the overall strength of the dollar. The pound had earlier gained after data showed UK retail sales rose more than expected in January. A survey showed UK business activity expanded in February, although employers cut payrolls sharply.
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| USD exchange rate today, February 22: USD recovers at the end of the week. Photo: Reuters |
USD exchange rate today in the country
In the domestic market, at the beginning of the trading session on February 22, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 5 VND, currently at 24,638 VND.
* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,457 VND - 25,819 VND.
USD exchange rates at commercial banks are as follows:
USD exchange rate | Buy | Sell |
Vietcombank | 25,290 VND | 25,680 VND |
Vietinbank | 25,190 VND | 25,770 VND |
BIDV | 25,305 VND | 25,665 VND |
* The EUR exchange rate at the State Bank's buying and selling exchange center decreased slightly, currently at: 24,554 VND - 27,139 VND.
EUR exchange rates at commercial banks are as follows:
EUR exchange rate | Buy | Sell |
Vietcombank | 26,009 VND | 27,435 VND |
Vietinbank | 25,822 VND | 27,322 VND |
BIDV | 26,298 VND | 27,499 VND |
* The Japanese Yen exchange rate at the State Bank's exchange office has increased slightly, currently at: 156 VND - 173 VND.
Japanese Yen Exchange Rate | Buy | Sell |
Vietcombank | 163.58 VND | 173.97 VND |
Vietinbank | 166.36 VND | 176.06 VND |
BIDV | 165.94 VND | 173.67 VND |
MINH ANH
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Source: https://baodaknong.vn/ty-gia-usd-hom-nay-22-2-dong-usd-phuc-hoi-phien-chot-tuan-243541.html
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