Exchange rates of USD, EUR, Japanese Yen, British Pound... US inflation pulls down the greenback, moves of big banks

Update foreign exchange rates today, June 14, USD, EUR, AUD, CAD, Pound, Japanese Yen, exchange rates... US inflation pulls down the greenback and the moves of major banks. Euro increases, Japanese Yen decreases.

Tỷ giá ngoại tệ hôm nay 14/6: Tỷ giá USD, EUR, Yen Nhật, Bảng Anh... Lạm phát Mỹ kéo đồng bạc xanh giảm và động thái của các ông lớn ngân hàng

Foreign exchange rates today, June 14: USD, EUR, Japanese Yen, British Pound... US inflation drags down the greenback and the moves of major banks

The central exchange rate between Vietnamese Dong (VND) and USD on the morning of June 14 was announced by the State Bank at 23,700 VND, up 1 VND compared to yesterday.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,885 VND/USD and the floor rate is 22,515 VND/USD.

At commercial banks this morning, the USD price increased, while the Chinese Yuan (CNY) decreased.

At 8:15 a.m., the greenback price at Vietcombank was listed at 23,300 - 23,670 VND/USD (buy - sell), up 10 VND in both buying and selling compared to the closing price of yesterday's trading session.

The listed CNY price is 3,211 - 3,348 VND/CNY (buy - sell), down 1 VND in both buying and selling compared to the close of yesterday's trading session.

At BIDV, the USD price is listed at 23,350 - 23,650 VND/USD (buy - sell), unchanged from the closing price of yesterday's trading session.

The CNY price at this bank is listed at 3,225 - 3,333 VND/CNY (buy - sell), down 7 VND in both buying and selling compared to the end of yesterday's trading session.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from June 8-14
1	EUR	Euro	24,639.90	26,019.57	25,353.94
2	JPY	Japanese Yen	163.74	173.35	170.28
3	GBP	British Pound	28,654.24	29,876.04	29,470.52
4	AUD	Australian Dollar	15,443.99	16,102.52	15,837.91
5	CAD	Canadian Dollar	17,123.14	17,853.26	117,692.31
6	RUB	Russian Ruble	266.51	295.07	291.67
7	KRW	Korean Won	15.81	19.27	18.24
8	INR	Indian Rupee	284.30	295.70	287.3
9	HKD	Hong Kong Dollar (China)	2,921.53	3,046.10	3,024.35
10	CNY	Chinese Yuan China	3,225.00	3,333.00	3,331.55

(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 0.35% to 103.31.

Specifically, the exchange rate on the world market today, the greenback fell to a three-week low in the last trading session, after the US announced inflation data for May, reinforcing expectations that the US Federal Reserve (Fed) will pause raising interest rates at its June policy meeting. Monetary policy meetings at the Fed, the European Central Bank (ECB) and the Bank of Japan (BOJ) will greatly influence the market this week.

Data released on June 13 showed that the US Consumer Price Index (CPI) increased 0.1% in May, after increasing 0.4% in April. In the 12 months through May, the CPI increased 4.0%, which was the smallest annual increase since March 2021. Previously, in April, the CPI reached an annual increase of 4.9%.

John Madziyire, senior portfolio manager at Vanguard, said that after the CPI data, he has high expectations that the Fed will pause interest rate hikes at today's meeting, June 14.

Futures traders now see a 93% chance that the US central bank will decide to abandon its 11th straight rate hike and keep its benchmark rate at 5.00% to 5.25% at this meeting. However, the interest rate futures market has cut bets on a July rate hike to around 64% from more than 70% earlier this week.

Elsewhere, the European Central Bank (ECB) interest rate decision is due tomorrow, June 15, with markets pricing in a 25 basis point rate hike and another hike in July before pausing. The euro is up 0.3% at $1.0793.

The Bank of Japan is expected to maintain its ultra-dovish stance and institute yield curve control at its policy meeting on June 16. Against the yen, the dollar rose 0.4% to 140.17 yen.

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