USD exchange rate today August 13: Domestic USD slightly decreased

USD exchange rate today in the world

The DXY index, which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 103.12 points, down 0.11 points compared to trading on August 12, 2024.

The US dollar steadied on Tuesday amid a more stable currency market as investors weighed the possibility of a deep interest rate cut by the US Federal Reserve next month, following a slew of US economic data and last week's tumultuous moves.

The recovery comes after a volatile week of trading that began with a major sell-off across currencies and stocks, fueled by concerns about the US economy and the Bank of Japan's hawkish stance.

The dollar rose 0.33 percent against the Japanese yen, at 147.1 yen, and was unchanged against the Swiss franc, at 0.8661.

USD exchange rate forecast

“The US dollar, which has been soaring on safe-haven demand, has had a brief respite as market sentiment has improved. However, the long-term trend of the currency still depends on the Federal Reserve’s monetary policy stance,” financial market analyst Günay Caymaz told Investing.com.

With inflation still high, the Fed faces the difficult task of balancing price pressures and avoiding recession. The upcoming release of US Consumer Price Index (CPI) data will be closely watched for clues on the central bank's next move.

Although the market has shown signs of recovery, the potential for renewed volatility remains high. Investors should adopt a cautious approach and closely monitor economic indicators for further information."

USD exchange rate today in the country

In the domestic market, at the beginning of the trading session on August 13, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 4 VND, currently at 24,256 VND.

* The reference exchange rate at the State Bank's transaction office remains unchanged, currently at: 23,400 VND - 25,450 VND.

The USD exchange rate at Vietcombank listed the buying and selling prices at 24,910 - 25,280 VND/USD, an increase of 10 VND/USD for buying and selling compared to the previous session.

The USD exchange rate in the free market this morning turned down compared to the previous session. At 6:36 a.m. in Hanoi, the USD was traded (buying - selling) at around 25,517 - 25,607 VND/USD, down sharply by 47 VND/USD for buying and 14 VND/USD for selling compared to the previous session.

* The EUR exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 25,157 VND - 27,806 VND.

EUR exchange rates at commercial banks are as follows:

* The Japanese Yen exchange rate at the State Bank's exchange office increased slightly, currently at: 157 VND - 173 VND.

Hung Cuong