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 0.07% to 103.63.

USD exchange rate in the world today

The US dollar edged up on Wednesday, trading in a narrow range as investors remained cautious ahead of a number of key policy decisions this week, with the US Federal Reserve expected to keep interest rates unchanged at its June policy meeting.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch.

Monetary policy meetings at the Fed, European Central Bank (ECB) and Bank of Japan (BOJ) will dominate markets this week.

Meanwhile, US inflation data for May will also be released today, before the Fed begins its two-day meeting.

“People seem to be holding their breath and waiting for a signal from Fed Chairman Jerome Powell,” said Helen Given, a foreign exchange trader at Monex USA in Washington. “A rate hike at this week’s meeting could be positive for the greenback as it goes against current market expectations,” Given stressed.

According to FedWatch, the money market is leaning towards the Fed pausing its rate hike in June, but most expect the Fed to raise rates at its July meeting. In contrast, most economists believe the ECB will raise its base rate by 25 basis points at its May 15 meeting.

In contrast, the euro edged up to $1.0760. Meanwhile, the Japanese yen fell 0.2 percent to $139.55 ahead of a two-day meeting of the BOJ, which is expected to maintain its “ultra-loose” monetary policy.

Separately, the Reserve Bank of New Zealand announced last month that it had raised interest rates to a more than 14-year high of 5.5%, ending the strongest hike cycle since 1999. That sent the NZD down 2.7% in May.

USD exchange rate today (June 13): Domestic USD turns to decrease. Illustration photo: Reuters.

Domestic USD exchange rate today

In the domestic market, at the end of the trading session on June 12, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 17 VND, currently at: 23,700 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,400 VND - 24,835 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,300 VND

23,640 VND

Vietinbank

23,280 VND

23,700 VND

BIDV

23,335 VND

23,635 VND

* The Euro exchange rate at the State Bank's buying and selling exchange center decreased slightly to: 24,200 VND - 26,748 VND.

Euro exchange rates at commercial banks are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

24,800 VND

25,927 VND

Vietinbank

24,392 VND

25,682 VND

BIDV

24,838 VND

25,959 VND

MINH ANH