USD maintains weekly growth momentum

USD exchange rate today (May 4): Early morning of May 4, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 8 VND per week, currently at 24,956 VND.

The USD Index (DXY), which measures the greenback's performance against six major currencies, fell 0.57% this week to 100.04.

USD exchange rate in the world last week

The dollar fell 0.53% to 98.94 on Monday as investors cautiously awaited more news on US trade policy and prepared for a week of important economic data. The greenback trimmed its monthly losses against both the euro and the yen late last week amid positive developments in US-China relations. The Trump administration signaled an openness to reducing tariffs and China exempted some imports from its 125% tariff. However, while Trump insisted there had been progress and that he had spoken to President Xi Jinping, China denied that trade talks were taking place.

Chart of DXY Index fluctuations over the past week. Photo: Marketwatch

The greenback rose 0.20% to 99.21 on April 30, boosted by the Trump administration’s plan to ease the impact of auto tariffs on local automakers, as well as the prospect of tariff deals with some trading partners. The dollar also benefited from late-month buying as investors sought to rebalance their portfolios after the president’s tariff announcement led to a massive sell-off in U.S. stocks and bonds in April. The dollar was also boosted by comments from U.S. Treasury Secretary Scott Bessent, who said the administration was making significant progress in tariff negotiations, highlighting upcoming deals on India and South Korea. He said he would be speaking with at least 17 trading partners in the coming weeks.

The DXY index continued to rise 0.40% to 99.64 on May 1 after new data showed the world's largest economy contracted in the first quarter, worse than market expectations but better than some of the largest banks in the US had predicted. A report from the US Commerce Department showed that gross domestic product (GDP) fell 0.3% in the first quarter, affected by a surge in imports aimed at buying goods before the Trump administration imposed tariffs on most goods. In addition, pre-tariff imports also increased 41.3% in the first three months of the year.

The dollar was up 0.71% on May 2 at 100.18, helped by some buying after an oversold sell-off last month, amid investor optimism about tariff deals between the US and its trading partners.

The greenback ended the week down 0.21% to 100.04 as data showed the world’s largest economy added more jobs than expected last month, reflecting a solid labor market. Meanwhile, the jobs report reinforced expectations that the Federal Reserve will keep interest rates unchanged at its next few meetings and not cut rates until the summer. US data showed nonfarm payrolls increased by 177,000 jobs last month, after a revised gain of 185,000 in March. Economists polled by Reuters had forecast about 130,000 new jobs in April, after a previous report showed 228,000 new jobs were added in March. Economists expect job growth to slow in coming months as they factor in the fallout from tariffs.

USD exchange rate today 4-5: USD continues to increase this week. Illustration photo: Reuters

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on May 4, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 8 VND this week, currently at 24,956 VND.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,759 VND - 26,153 VND.

USD exchange rates at commercial banks are as follows: