The USD fluctuated slightly, and the market has stabilized.

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: 24,910 VND - 25,280 VND.

Vietinbank : 24,820 VND - 25,285 VND.

Foreign exchange rates, USD/VND exchange rate today, August 13th: USD fluctuates slightly, the market has stabilized. (Source: Economic Times)

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 103.13, down 0.01%.

The US dollar edged lower amid more stable currency markets, as investors weighed the possibility of a deep interest rate cut by the Federal Reserve next month.

This recovery comes after a volatile trading week, which began with a major sell-off in currencies and stock markets, driven by concerns about the US economy and the hawkish stance of the Bank of Japan.

Last week ended more quietly, with stronger-than-expected US jobs data on August 8th, causing the market to reduce its bets on a Fed interest rate cut this year.

Joseph Trevisani, senior analyst at FXStreet.com in New York, said: “The market is focused on whether inflation will rebound through the consumer price index data released this week, or whether the economy is heading toward a recession, as evidenced by what’s happening with the labor market in the non-farm payrolls report.”

However, according to CME Group's FedWatch tool, investors are pricing in a 100-basis-point rate cut by the Fed later this year, and US producer and consumer price data expected to be released today, August 13th, could alter market expectations.

The US dollar rose 0.33% against the Japanese yen, to 147.10 yen.

In other developments, the EUR edged up 0.16% to $1.0933, while the DXY index fell to 103.10. The British pound remained unchanged at $1.2763.

A week ago, the EUR rose to 1.1009 USD, its first level since January 2nd.

The market, particularly the Japanese market, was shaken last week by the cancellation of the once-popular yen arbitrage trading scheme, which involved borrowing yen at a low cost to invest in other currencies and assets that offered higher returns.

The yen reached its highest level since January 2nd at 141.675 yen/USD last week. The Japanese currency is still down about 4% against the US dollar year-to-date.