Euro falls; US dollar rises to new high

Foreign exchange rates, USD/VND exchange rate today June 6, Euro depreciated; USD increased to the highest level.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: June 23, 2024 12:29 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
Australian Dollar	AUD	16,505.59	16,672.31	17,205.77
Canadian Dollar	CAD	18,123.37	18,306.44	18,892.18
SWISS FRANC	CHF	27,825.49	28,106.56	29,005.88
YUAN RENMINBI	CNY	3,433.20	3,467.88	3,579.38
DANISH KRONE	DKK	-	3,585.83	3,722.84
EURO	EUR	26,546.33	26,814.47	27,999.61
Sterling Pound	GBP	31,379.47	31,696.44	32,710.62
HONG KONG DOLLAR	HKD	3,178.20	3,210.31	3,313.02
INDIAN RUPEE	INR	-	303.61	315.72
YEN	JPY	155.28	156.85	164.33
Korean Won	KRW	15.84	17.60	19.19
KUWAITIAN DINAR	KWD	-	82,749.40	86,050.57
MALAYSIAN RINGGIT	MYR	-	5,340.02	5,456.05
NORWEGIAN KRONER	NOK	-	2,364.93	2,465.14
Russian Ruble	RUB	-	277.20	306.84
SAUDI RIAL	SAR	-	6,765.27	7,035.16
SWEDISH KRONA	SEK	-	2,374.60	2,475.21
SINGAPORE DOLLAR	SGD	18,321.50	18,506.56	19,098.71
THAILAND BAHT	THB	612.10	680.11	706.09
US DOLLAR	USD	25,218.00	25,248.00	25,468.00

Exchange rate developments in the domestic market

In the domestic market, at 7:30 a.m. on June 5, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 5 VND, currently at 24,241 VND/USD.

The reference USD exchange rate at the State Bank of Vietnam is listed at 23,400 - 25,450 VND/USD (buy - sell), unchanged in both buying and selling compared to the previous session.

USD exchange rates at commercial banks buying and selling are as follows:

Vietcombank: 25,183 VND - 25,453 VND/USD.

Vietinbank : 25,211 VND - 25,453 VND/USD.

BIDV : 25,213 VND – 25,453 VND/USD

Foreign exchange rates, USD/VND exchange rate today, June 6, Euro depreciated; USD increased to the highest level. (Source: Reuters)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.29 points – up 0.18% compared to trading on June 5.

The US Dollar Index (DXY) rose +0.18% today. The US dollar rose to a record high on Wednesday after the ISM services index for May rose more than expected, a hawkish factor for Fed policy.

The euro was weighed down by expectations of an ECB rate cut on Thursday. In addition, mixed news on Japanese wages weighed on the yen and helped the dollar.

On the downside for the dollar, the US ADP employment change rose less than expected in May, a dovish factor for the Fed policy. In addition, bond yields fell, weakening the dollar's yield differential.

The US ISM services index rose 4.4 to 53.8 in May, stronger than expectations of 51.0 and the highest level in nine months. The US ADP Employment Change increased by 152,000 in May, weaker than expectations of 175,000.

Markets are discounting the chance of a -25% rate cut to 1% for the June 11-12 FOMC meeting, 19% for the next meeting on July 30-31, and 65% for the meeting after that on September 17-18.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-66-dong-euro-bi-giam-gia-dong-usd-tang-len-muc-cao-nhat-273956.html