USD exchange rate today (June 20): USD slightly increased in the context of danger...

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) decreased by 0.12% to 98.78.

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

USD exchange rate today in the world

The US dollar edged up as the risk of wider conflict in the Middle East continued to weigh on markets, while a series of interest rate decisions from European central banks highlighted the growing challenge of managing policy amid rising uncertainty.

The rapidly escalating geopolitical situation has supported the greenback, helping it regain its “safe haven” role - a position that has recently been strengthened.

Iran and Israel continued to carry out airstrikes back and forth, marking the seventh day of the conflict. Concerns about possible US involvement are growing as President Donald Trump keeps the world waiting to see whether the US will join Israel in bombing Iran's nuclear facilities.

The US Federal Reserve (Fed) kept interest rates unchanged at its meeting on Wednesday. The Bank of England (BoE) also kept rates unchanged on Thursday, citing rising global uncertainty and persistent inflation as key factors weighing on the economic outlook. The pound initially fell after the decision, but has since recovered most of its losses.

The euro fell 0.1 percent to $1.1473. The dollar rose 0.2 percent against the yen to 145.56 yen.

The geopolitical risks and high oil prices are not caused by the US, unlike internal risks such as Trump’s tax cuts or tariffs that have previously put pressure on the dollar, said Francesco Pesole, a foreign exchange strategist at ING bank. Therefore, the greenback could once again maintain its safe-haven status. “The US dollar is still in a more favourable position compared to energy-dependent safe-havens such as the euro,” said Francesco Pesole, a foreign exchange strategist at ING bank.

In a widely expected decision, the US Federal Reserve decided to keep interest rates unchanged, while signaling that it still expects to cut rates by a total of 0.5 percentage points this year - although not all members agree on the need for cuts.

Fed Chairman Jerome Powell said that goods inflation is likely to pick up this summer as Trump’s tariffs begin to hit consumers. “Ultimately, the costs of the tariffs will have to be paid, and some of that will be passed on to end consumers,” Powell said at a press conference on Wednesday. “We know that because businesses are saying so. The historical data confirms that.”

Mr Powell's comments underscore the challenge facing policymakers as markets struggle to navigate risks from tax policy and geopolitical tensions that have made the path of US interest rates more uncertain.

Still, traders are betting on at least two rate cuts this year, although analysts remain unclear about when the Fed will act.

Illustration photo: vneconomy.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on June 20, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,025 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 23,824 VND - 26,226 VND.

USD exchange rates at commercial banks are as follows: