The US dollar continues to fall

USD exchange rate today, January 7, 2025: The US dollar fell in volatile trading after the market received conflicting reports about the extent of Trump's aggression.

USD exchange rate today, January 7, 2025

At the time of survey at 5:00 a.m. on January 7, the central exchange rate at the State Bank was 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 dong in both buying and selling rates compared to the previous session, reaching 25,223 - 25,553 dong/USD.

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

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

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

VietinBank is currently buying USD transfers at the highest rate: 1 USD = 25,559 VND.

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

VIB Bank is selling USD transfers at the lowest rate: 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, and VRB are selling USD cash at the highest rate of: 1 USD = 25,553 VND

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

USD exchange rates at several banks today. Source: Webgia.com

1. Agribank - Updated: 07/01/2025 22:00 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25,230	25,240	25,540
CZ	CZ	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
rush	rush	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: 29/03/2008 07:16 - Time provided by the source website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	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
CZ	CZ	26003	26103	26989
GBP	GBP	31370	31420	32530
HKD	HKD	0	3271	0
rush	rush	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
BAD	BAD	8,350,000	8,350,000	8,500,000
XBJ	XBJ	7900000	7900000	8,500,000

USD exchange rate today January 7, 2025. Illustration photo

In the "black market," the USD exchange rate as of 5:00 AM 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 from the transaction on January 6, 2025.

The chart shows the recent performance of the DXY index. Source: Investing.

The US dollar fell in mixed trading after mixed reports about the aggressiveness of President-elect Donald Trump's tax 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 apply tariffs to every country - but only to 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.

Schamotta added: "The market has a consensus that Trump's words will be worse than his actions, and any news confirming that notion is a catalyst for risk assets to rise and for the dollar and Treasury yields to fall, but the reality here is that downside risk remains and there's no clear stopping point for that."

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 November 27, while the euro is poised for its biggest daily gain since August 2.

The USD index hit a two-year high of 109.54 last week on track for its fifth consecutive weekly gain, as a recovering economy, the prospect 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 USD. The USD had hit a 26-month high against the dollar last week as China is seen as one of Trump's main tariff targets.

Also contributing to the dollar's decline were comments from Fed Governor Lisa Cook, who indicated that the Fed may be cautious about any further interest rate cuts due to a stronger economy and more stable inflation than expected.

Several Fed policymakers are expected 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, according to preliminary data.

Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto, said: "There's potential for the dollar index to correct 2%, 3% or 4% in the near future, but we need a stronger feeling that the European economy is performing a bit better, so we'd see further European interest rate hikes or expectations of even milder tariff adjustments to fuel that."

US economic data shows that new orders for US-made goods fell in November, while business spending on equipment appears 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.

This week, investors will be assessing a series of US labor market data releases, culminating in the crucial government payroll report on Friday. The Canadian dollar rose 0.74% against the greenback to 1.43 Canadian dollars per US dollar after Canadian Prime Minister Justin Trudeau announced he would step down as leader of the ruling Liberal Party next month.

Check out these popular places to exchange foreign currency and buy/sell USD in Hanoi:

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

2. Gold and Silver Handicrafts - No. 31 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Shop - 119 Cau Giay Street, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company - 43 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

5. Toan Thuy Store - 455 Nguyen Trai Street, Thanh Xuan District, Hanoi and 6 Nguyen Tuan Street, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - 19 Tran Nhan Tong Street, Hai Ba Trung District, Hanoi

7. Chinh Quang Store - 30 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - 47 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

9. Huy Khoi Store - 19 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

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

Check out these popular foreign currency exchange and USD buying/selling locations in Ho Chi Minh City:

1. Minh Thu Foreign Exchange - 22 Nguyen Thai Binh Street, District 1, Ho Chi Minh City

2. Kim Mai Gold Shop - 84 Cong Quynh Street, District 1, Ho Chi Minh City

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

4. Saigon Jewelry Center - 40-42 Phan Boi Chau Street, District 1, Ho Chi Minh City

5. Kim Hung Foreign Exchange Agency - 209 Pham Van Hai Street, Binh Chanh District, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City

7. Kim Tam Hai Shop - 27 Truong Chinh Street, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City

9. Ha Tam Gold Shop - 2 Nguyen An Ninh Street, Ben Thanh Ward, District 1, Ho Chi Minh City

10. The 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