The US dollar continues to fall

USD exchange rate today 07/01/2025: USD fell in chaotic trading after the market received mixed reports about Trump's aggressiveness.

USD exchange rate today 07/01/2025

At the time of survey at 5:00 a.m. on January 7, the central exchange rate at the State Bank was currently 24,337 VND/USD, up 3 VND compared to the previous trading session. The USD Index (DXY) was at 108.24 - down 0.6 points compared to yesterday's trading session.

Specifically, at Vietcombank , the USD exchange rate increased by 3 VND in both buying and selling compared to the previous session, at 25,223 - 25,553 VND/USD, buying and selling.

TPB Bank is buying USD cash at the lowest price: 1 USD = 24,390 VND

TPB Bank is buying USD transfers at the lowest price: 1 USD = 24,430 VND

HSBC Bank is buying USD cash at the highest price: 1 USD = 25,318 VND

VietinBank is buying USD transfers at the highest price: 1 USD = 25,559 VND

TPB Bank is selling USD cash at the lowest price: 1 USD = 24,870 VND

VIB Bank is selling USD transfers at the lowest price: 1 USD = 25,525 VND

ABBank, Agribank, BIDV, Dong A, Eximbank, GPBank, HDBank, Hong Leong, Kien Long, MSB, MB, Nam A, NCB, OCB, PGBank, PublicBank, PVcomBank, Sacombank, Saigonbank, SeABank, UOB, VietABank, Vietcombank, VRB are selling USD cash at the highest price: 1 USD = 25,553 VND

ABBank, Bao Viet, CBBank, Dong A, MSB, MB, NCB, PublicBank, Sacombank, SeABank, VietBank are selling USD transfers at the highest price: 1 USD = 25,553 VND

USD exchange rate at some banks today. Source Webgia.com

1. Agribank - Updated: 07/01/2025 22:00 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,230	25,240	25,540
EUR	EUR	25,840	25,944	27,040
GBP	GBP	31,164	31,289	32,248
HKD	HKD	3,202	3,215	3,320
CHF	CHF	27,512	27,622	28,478
JPY	JPY	156.84	157.47	164.17
AUD	AUD	15,558	15,620	16,125
SGD	SGD	18,291	18,364	18,872
THB	THB	715	718	748
CAD	CAD	17,394	17,464	18,872
NZD	NZD		14,095	14,581
KRW	KRW		16.66	18.36

2. Sacombank - Updated: 03/29/2008 07:16 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25200	25200	25548
AUD	AUD	15590	15690	16258
CAD	CAD	17386	17486	18040
CHF	CHF	27661	27691	28564
CNY	CNY	0	3428	0
CZK	CZK	0	990	0
DKK	DKK	0	3500	0
EUR	EUR	26003	26103	26989
GBP	GBP	31370	31420	32530
HKD	HKD	0	3271	0
JPY	JPY	157.94	158.44	164.95
KHR	KHR	0	6,032	0
KRW	KRW	0	17.1	0
LAK	LAK	0	1.122	0
MYR	MYR	0	5820	0
NOK	NOK	0	2229	0
NZD	NZD	0	14223	0
PHP	PHP	0	412	0
SEK	SEK	0	2280	0
SGD	SGD	18274	18404	19135
THB	THB	0	680.4	0
TWD	TWD	0	770	0
XAU	XAU	8350000	8350000	8500000
XBJ	XBJ	7900000	7900000	8500000

USD exchange rate today January 7, 2025. Illustration photo

In the "black market", the black market USD exchange rate as of 5:00 a.m. on January 7, 2025 is as follows:

Black market on January 7, 2025. Photo: Chogia.vn

USD exchange rate today January 7, 2025 on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 108.24 - down 0.6 points compared to trading on January 6, 2025.

DXY index developments in recent times. Source Investing

The US dollar fell in mixed trading after conflicting reports about the aggressiveness of President-elect Donald Trump's tariff plans when he takes office.

The dollar fell as much as 1.07% in trading against a basket of major currencies after the Washington Post reported that Trump's advisers were considering plans to impose tariffs on every country - but only on sectors deemed important to US national or economic security, allaying concerns about imposing harsher and broader tariffs.

The US dollar then fell sharply after Trump denied the report in a post on his Truth Social platform.

“The reality here is that Trump’s Truth Social stance will drive FX volatility for a while and the reaction (Monday) morning shows the underlying momentum,” said Karl Schamotta, chief market strategist at Corpay in Toronto.

“The market consensus is that Trump’s words will be worse than his actions, and any news that confirms that notion is a driver of higher risk assets and lower dollar and Treasury yields, but the reality here is that the downside risk remains and there is no clear end to it,” Schamotta added.

The U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.64% to 108.26, while the euro rose 0.76% to $1.0386. The dollar is on track for its biggest daily percentage drop since Nov. 27, while the euro is poised for its biggest daily gain since Aug. 2.

The dollar index hit a two-year high of 109.54 last week on its way to a fifth straight weekly gain, as a recovering economy, the possibility of higher inflation from tariffs and a slower pace of interest rate cuts by the Federal Reserve supported the greenback.

The Chinese yuan rose 0.16% against the greenback to 7.348 per dollar. The dollar hit a 26-month high against the currency last week as China is seen as one of Trump’s main tariff targets.

Also helping the dollar was comments from Fed Governor Lisa Cook, who said the Fed may be cautious about any further rate cuts given the strong economy and more stable inflation than expected.

Several Fed policymakers are scheduled to speak this week and are likely to echo recent comments from other Fed officials that persistent inflation remains a concern.

The euro, which hit its lowest since November 2022 last week, gained after German annual inflation rose more than forecast in December, preliminary data showed.

“There is potential for the dollar index to correct 2%, 3% or 4% in the near term, but we need to get a stronger sense that the European economy is doing a little better, so we would see either further European interest rate hikes or a further softening of tariff expectations to drive that,” said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto.

US economic data showed new orders for US-made goods fell in November while business spending on equipment appeared to have slowed in the fourth quarter.

Against the Japanese yen, the dollar rose 0.17% to 157.53 while the British pound gained 0.72% to $1.251.

Investors will assess a slew of U.S. labor market data this week, culminating in a key government payrolls report on Friday. The Canadian dollar rose 0.74% against the greenback to C$1.43 per dollar after Canadian Prime Minister Justin Trudeau announced he would step down as leader of the ruling Liberal Party next month.

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

2. Gold and Silver Fine Arts - No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Store - No. 119 Cau Giay, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company - No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Hai Ba Trung District, Hanoi

7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City:

1. Minh Thu Currency Exchange - 22 Nguyen Thai Binh, District 1, HCMC

2. Kim Mai Gold Shop - 84 Cong Quynh, District 1, HCMC

3. Kim Chau Gold Shop - 784 Dien Bien Phu, Ward 10, District 10. Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau, District 1, HCMC

5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC

7. Kim Tam Hai Shop - No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC

9. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC

10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Source: https://congthuong.vn/ty-gia-usd-hom-nay-07012025-dong-usd-tiep-tuc-giam-368267.html