Exchange rates of USD, EUR, Japanese Yen, British Pound... Tightening monetary policy, Fed keeps interest rates unchanged, greenback falls

Update foreign exchange rates today, June 15, USD, EUR, AUD, CAD, Pound, Japanese Yen, exchange rates... US inflation pulls down the greenback. Euro increases, Japanese Yen decreases.

Tỷ giá ngoại tệ hôm nay 15/6: Tỷ giá USD, EUR, Yen Nhật, Bảng Anh... Lạm phát Mỹ kéo đồng bạc xanh giảm, động thái của các ông lớn ngân hàng

Foreign exchange rates today, June 15: USD, EUR, Japanese Yen, British Pound... Tightening monetary policy, Fed keeps interest rates unchanged, greenback falls. (Source: FT)

The central exchange rate between Vietnamese Dong (VND) and USD on the morning of June 15 was announced by the State Bank at 23,704 VND, an increase of 4 VND compared to yesterday.

With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,889 VND/USD and the floor rate is 22,518 VND/USD.

At commercial banks this morning, the USD price decreased in both buying and selling directions, while the Chinese Yuan (CNY) increased in selling direction.

At 8:15 a.m., at BIDV, the USD price was listed at 23,350 - 23,650 VND/USD (buy - sell), down 5 VND in both buying and selling compared to the close of yesterday's trading session.

The price of NDT at this bank is listed at 3,226 - 3,336 VND/NDT (buy - sell), down 2 VND in the buying direction, but up 1 VND in the selling direction compared to the end of yesterday's trading session.

The greenback price at Vietcombank is listed at 23,300 - 23,670 VND/USD (buy - sell), unchanged from the closing price of yesterday's trading session.

The listed CNY price is 3,213 - 3,351 VND/CNY (buy - sell), up 2 VND for buying and 3 VND for selling compared to the close of yesterday's trading session.

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	24,812.96	26,202.31	25,558.08
2	JPY	Japanese Yen	163.06	172.63	169.12
3	GBP	British Pound	28,993.87	30,230.13	29,873.85
4	AUD	Australian Dollar	15,553.61	16,216.79	16,030.68
5	CAD	Canadian Dollar	17,183.13	17,915.80	17,796.8
6	RUB	Russian Ruble	266.23	294.75	279.48
7	KRW	Korean Won	15.92	19.40	18.54
8	INR	Indian Rupee	285.63	297.09	287.93
9	HKD	Hong Kong Dollar (China)	2,924.79	3,049.50
10	CNY	Chinese Yuan China	3,213.00	3,351.00	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 0.32% to 103.02.

Specifically, the USD exchange rate in the world today decreased. The Euro and Japanese Yen increased.

The greenback slipped in the last trading session, after the US Federal Reserve (Fed) decided to keep interest rates unchanged as expected.

At its two-day policy meeting, the Federal Open Market Committee (FOMC) said: "Holding the target range at this meeting allows the Committee to further assess incoming economic data and their implications for monetary policy."

However, the Fed also signaled the need for further rate hikes. The US central bank's forecast showed that most policymakers agreed that further tightening of monetary policy was needed.

The federal funds rate is expected to peak at 5.6% this year, meaning two more 25 basis point hikes in 2023. That's up from an estimate of 5.1% in the last set of forecasts released in March.

“While inflation is moving in the right direction, it is moving rather slowly,” said Chris Low, chief economist at FHN Finance in New York. “The biggest surprise was not the pause or the intention to continue raising rates, but the number of basis points the Fed planned to raise.”

Traders are now betting on a 70% chance the Fed will raise interest rates again next month after skipping a rate hike in June.

“It is possible that these interest rates will remain at this level for a while,” said Srijan Katyal, global head of trading strategy and services at international brokerage ADSS.

He noted that previously, in 2006, the federal funds rate stood at 5.25% and was maintained from July 2006 to August 2007 before being cut following the global financial crisis.

The Fed's decision was supported by a report on June 14 showing that US producer prices fell more than expected in May. Meanwhile, data released on June 13 showed that the US Consumer Price Index (CPI) rose 0.1% in May, after rising 0.4% in April. In the 12 months through May, the CPI rose 4.0% - the smallest annual increase since March 2021.

Elsewhere, the European Central Bank (ECB) interest rate decision is due today. Markets are pricing in a 25 basis point rate hike and another hike in July before pausing for the year. The euro rose 0.3% to $1.0827. Against the yen, the dollar fell 0.2% to 139.905.

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