EUR reaches peak, USD continues its downward trend.

The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,400 VND - 25,450 VND.

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

Vietcombank: 24,820 VND - 25,190 VND.

Vietinbank : 24,710 VND - 25,160 VND.

Foreign exchange rates, USD/VND exchange rate today, August 15th: EUR reaches peak, USD continues its downward trend. (Source: Getty Images)

Exchange rate movements in the global market.

The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), closed at 102.57, down 0.03%.

The US dollar depreciated against other currencies in the last trading session, helping the euro reach a near eight-month high, after the US consumer price index (CPI) showed inflation cooling, reinforcing expectations that the Federal Reserve (Fed) is about to cut interest rates.

The US CPI rose moderately in July, while the annual inflation rate slowed to below 3% for the first time since early 2021, raising expectations that the Fed will cut interest rates next month, although perhaps not as aggressively as the market expects.

The report also showed a slight increase in producer prices in July, with inflation trending downward. This will allow the Fed to focus more on the labor market amid growing concerns about a potential recession.

Amo Sahota, director of Klarity FX in San Francisco, commented: "This data has slightly dampened expectations for the target of a 50 basis point interest rate cut in September."

The euro rose 0.18% against the dollar, reaching $1.1014, surpassing its peak during last week's market volatility and trading at its highest level since January 2nd. The DXY index edged lower at 102.57.

Traders had anticipated a Fed rate cut in September ahead of producer price data and increased their bets on a 50-basis-point cut from 53% the day before to 56% after the inflation data was released, according to CME Group's FedWatch Tool.

The British pound did not appreciate against the US dollar and fell 0.29% to $1.2825 after new data showed that UK consumer price inflation was slower than expected in July due to slower increases in services prices.

However, the pound sterling fell against the euro. Financial markets priced in a 44% chance of the Bank of England cutting interest rates by 0.25 points in September, up from 36% before the data was released.