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| Foreign exchange rates today, June 22: USD, EUR, Japanese Yen, British Pound... Fed fails to meet expectations, greenback falls as CPI 'rescues' (Source: Reuters) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of June 22 was announced by the State Bank at 23,732 VND, an increase of 5 VND compared to yesterday.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,917 VND/USD and the floor rate is 22,546 VND/USD.
At commercial banks this morning, the USD price decreased, while the CNY was stable.
At 8:30 a.m., at Vietcombank, the USD price was listed at 23,310 - 23,610 VND/USD (buy - sell), down 10 VND in both buying and selling compared to the same time in yesterday's trading session.
Meanwhile, the price of CNY at this bank was listed at 3,207 - 3,345 VND/CNY (buy - sell), unchanged in the buying direction and increased by 1 VND in the selling direction compared to yesterday's trading session at the same time.
The greenback price at BIDV is listed at 23,370 - 23,670 VND/USD (buy - sell), down 10 VND in both buying and selling compared to the end of yesterday's trading session.
The listed CNY price is 3,222 - 3,329 VND/CNY (buy - sell), keeping the same price for buying and increasing 1 VND for selling compared to yesterday's trading session at the same time.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from June 15-21 |
| 1 | EUR | Euro | 25,022.81 | 26,423.89 | 25,558.08 |
| 2 | JPY | Japanese Yen | 161.06 | 170.51 | 169.12 |
| 3 | GBP | British Pound | 29,141.36 | 30,383.89 | 29,873.85 |
| 4 | AUD | Australian Dollar | 15,489.22 | 16,149.65 | 16,030.68 |
| 5 | CAD | Canadian Dollar | 17,313.86 | 18,052.09 | 17,796.8 |
| 6 | RUB | Russian Ruble | 265.36 | 293.79 | 279.48 |
| 7 | KRW | Korean Won | 15.72 | 19.16 | 18.54 |
| 8 | INR | Indian Rupee | 285.92 | 297.39 | 287.93 |
| 9 | HKD | Hong Kong Dollar (China) | 2,927.53 | 3,052.35 | 3,026.43 |
| 10 | CNY | Chinese Yuan China | 3,222.00 | 3,329.00 | 3,307.65 |
(Source: State Bank, Vietcombank)
Exchange rate developments in the world market
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 by 0.46% to 102.08.
The greenback exchange rate in the world today decreased, the Euro increased, and the British Pound fluctuated.
Specifically, the greenback fell against other currencies in the last trading session, after comments by US Federal Reserve Chairman Jerome Powell on the central bank's fight against inflation did not meet market expectations.
Accordingly, Mr. Powell shared at a hearing before the US House Finance Committee that the fight against inflation is still "a long way ahead", and although recent interest rate hikes have been paused, borrowing costs may need to rise further.
“Although inflation remains far from the Fed’s target, the Fed may still need to raise interest rates at a more moderate pace,” he stressed.
Last week, the Fed left interest rates unchanged at its June meeting but signaled that borrowing costs could rise as much as 50 basis points by the end of the year. Investors generally expect the Fed to raise rates again at its July meeting.
“The July consumer price index and nonfarm payrolls will be the big events that will influence the Fed’s interest rate decision,” said Michael Brown, market strategist at TraderX.
Elsewhere, the euro rose 0.62 percent against the dollar, currently at $1.0985. Meanwhile, the dollar rose 0.3 percent to 141.805 yen, after Bank of Japan Governor Kazuo Ueda on June 21 reiterated the central bank's dovish stance to maintain what he said was an overly loose monetary policy.
The pound swung between gains and losses after data showed UK inflation rose faster than expected in May. The pound was up 0.09% at $1.2774 by the end of the session, after sliding to a near one-week low of $1.2691 earlier in the session.
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