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| Foreign exchange rates today, June 26: USD, EUR, Japanese Yen, British Pound... Fed increases cautiously, greenback increases slightly. (Source: Reuters) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of June 26 was announced by the State Bank at 23,755 VND, an increase of 23 VND compared to the weekend of June 23.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,943 VND/USD and the floor rate is 22,567 VND/USD.
At commercial banks, this morning, the price of USD and Chinese Yuan (CNY) increased.
At 8:30 a.m., the greenback price at Vietcombank was listed at 23,325 - 23,695 VND/USD (buy - sell), an increase of 5 VND in both buying and selling compared to the end of last week.
The listed CNY price is 3,210 - 3,347 VND/CNY (buy - sell), up 1 VND in both buying and selling compared to last weekend.
At BIDV, the USD price is listed at 23,371 - 23,671 VND/USD (buy - sell), up 1 VND in both buying and selling compared to the end of last week.
The NDT price at this bank is listed at 3,222 - 3,331 VND/NDT (buy - sell), unchanged from last weekend.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from June 22-28 |
| 1 | EUR | Euro | 24,902.84 | 26,297.18 | 25,888.53 |
| 2 | JPY | Japanese Yen | 160.16 | 169.56 | 167.12 |
| 3 | GBP | British Pound | 29,105.64 | 30,346.63 | 30,275.65 |
| 4 | AUD | Australian Dollar | 15,335.40 | 15,989.26 | 16,053.69 |
| 5 | CAD | Canadian Dollar | 17,372.43 | 18,113.14 | 17,927.47 |
| 6 | RUB | Russian Ruble | 285.87 | 296.04 | 281.02 |
| 7 | KRW | Korean Won | 15.55 | 18.95 | 18.54 |
| 8 | INR | Indian Rupee | 286.20 | 297.34 | 289.15 |
| 9 | HKD | Hong Kong Dollar (China) | 2,927.47 | 3,052.29 | 3,032.28 |
| 10 | CNY | Chinese Yuan China | 3,222.00 | 3,331.00 | 3,298.07 |
(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) stood at 102.87, slightly up from the end (on Friday, it reached 102.40).
The greenback exchange rate on the world market increased slightly; the Euro decreased.
The DXY index may remain within a certain range, before the data on the US Personal Consumption Expenditures (PCE) Index - the US Federal Reserve's inflation measure - is released on June 30.
In testimony before the US Congress earlier this week, Fed Chairman Jerome Powell reiterated the central bank’s hawkish stance on interest rate policy in the coming period. He also stressed that, although inflation remains far from the Fed’s target, the Fed may still need to raise interest rates further but at a more “cautious pace.”
The Core PCE Price Index for May is forecast to remain unchanged at 4.7% year-over-year, while the PCE Price Index is expected to decline from 4.4% in April to 3.8% in May.
Over the past week, the DXY Index has held well above the key support level of 102, trading in a range of 102-103. Any break above the resistance level of 102.50-103.25 could establish an uptrend for the greenback. Conversely, if the index falls below 102, it could fall straight to the 101-100.50 zone in the coming days, establishing a short-term bearish bias.
Elsewhere, the Euro saw a slight decline last week, falling below the key 1.09 level, but still holding firm in the 1.0870-1.0850 support zone. If the Euro can hold well in this support zone, the short-term outlook will be bullish, even aiming for the 1.11-1.1135 target in the coming weeks.
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