USD continues to be under pressure

Foreign exchange rates, USD/VND exchange rate today, February 12, recorded that the USD decreased when Fed Chairman Jerome Powell said he would not rush to cut interest rates.

Updated table of foreign exchange rates - USD exchange rates of Agribank today

1. Agribank - Updated: February 12, 2025 08:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,310	25,330	25,670
EUR	EUR	25,758	25,861	26,952
GBP	GBP	30,877	31,001	31,982
HKD	HKD	3,207	3,220	3,326
CHF	CHF	27,433	27,543	28,413
JPY	JPY	164.05	164.71	171.89
AUD	AUD	15,704	15,767	16,286
SGD	SGD	18,487	18,561	19,090
THB	THB	728	731	763
CAD	CAD	17,466	17,536	18,046
NZD	NZD		14,165	14,663
KRW	KRW		16.79	18.53

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 8:00 a.m. on February 12, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 35 VND, currently at 24,522 VND.

The reference USD exchange rate at the State Bank's Exchange is listed at: 23,346 VND - 25,698 VND.

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

Vietcombank : 25,310 - 25,700 VND.

Vietinbank : 25,210 - 25,748 VND.

Foreign exchange rates, USD/VND exchange rate today February 12: USD continues to be under pressure. (Source: PBS)

Exchange rate developments in the world market

The US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.39% to 107.93.

The dollar fell as US Federal Reserve Chairman Jerome Powell said there would be no rush to cut interest rates in the near term, as traders awaited more specific information on US President Donald Trump's trade tariffs.

These comments were largely unexpected by traders.

Mr. Powell also emphasized that the Fed's role is not to comment on tariffs or trade policy, but to respond to the impact of these policies on the US economy.

Traders are becoming calmer with news surrounding potential future tariffs, as well as the impact of tariff policy on inflation and growth.

Futures markets are pricing in a total of about 36 basis points of Fed cuts by year-end, largely unchanged from before Powell's comments, with a 25 basis point cut this year and a low likelihood of a second cut.

Mr. Powell will also have a hearing before the House Financial Services Committee today (February 12).

Experts say that with current developments, the USD may continue to be under pressure in the short term.

Meanwhile, the CAD gained 0.14% against the greenback to 1.43, recovering from earlier losses.

The Japanese yen fell 0.3 percent against the greenback to 152.45 yen per dollar. It hit 150.93 yen late last week, its highest since Dec. 10.

The Australian dollar rose 0.29% against the US dollar to $0.6293. Australian Prime Minister Anthony Albanese also said he had discussed with the US President the possibility of exempting Australia from tariffs.

Speaking to reporters after the meeting, Mr Albanese announced: "The US President has agreed to consider the possibility of an exemption for the benefit of both our countries."

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-122-usd-tiep-tuc-chiu-ap-luc-303913.html