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 0.25%, reaching 102.49.

USD exchange rate in the world today

The US dollar extended gains from last week, while the British pound hovered near a 14-month high on Tuesday, as investors digested a series of central bank monetary policy decisions last week and await the Bank of England’s decision on June 22.

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

Moves in currency markets have been dominated by efforts by central banks around the globe to curb high inflation, with the DXY index posting its biggest weekly decline since January last week after the US Federal Reserve skipped a rate hike in June.

Investors are closely watching Fed Chairman Jerome Powell's testimony before the US Congress, scheduled for June 21 and 22 this week, to better understand the future interest rate path of the world's largest economy.

Analysts said the decision to skip a rate hike in June does not mean the Fed's rate-hike cycle is over. Markets are pricing in a 72% chance of a 25 basis point increase at next month's meeting.

In contrast, the euro fell 0.2 percent to $1.09190, while the Japanese yen traded around 141.840, near a seven-month low of 142.005 hit in the previous session.

The pound is near a 14-month high against the dollar, on expectations the BoE will raise interest rates by at least 25 basis points at its policy meeting this week, as the bank faces inflation running four times above its target.

Money markets are pricing in a 72% chance of a 25 basis point hike by the BoE and a 28% chance of a 50 basis point hike.

USD exchange rate today (June 20): World increases, domestic decreases. Illustration photo: Reuters.

Domestic USD exchange rate today

In the domestic market, at the end of the trading session on June 19, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 14 VND, currently at: 23,697 VND.

* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,400 VND - 24,831 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate

Buy

Sell

Vietcombank

23,350 VND

23,690 VND

Vietinbank

23,315 VND

23,735 VND

BIDV

23,375 VND

23,675 VND

* The Euro exchange rate at the State Bank's exchange office for buying and selling slightly decreased to: 24,623 VND - 27,215 VND.

Euro exchange rates at commercial banks are as follows:

Euro exchange rate

Buy

Sell

Vietcombank

25,307 VND

26,457 VND

Vietinbank

24,842 VND

26,132 VND

BIDV

25,308 VND

26,450 VND

MINH ANH