The dollar rose as markets appeared unfazed by President Donald Trump’s latest round of tariffs. However, Brazil’s real plunged after Trump threatened to impose a 50% tariff on the South American nation.
World currency exchange rates
In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.03% to 97.59.
The dollar rose against major currencies including the euro and the Swiss franc on Thursday, as foreign exchange markets largely shrugged off President Donald Trump’s latest tariff threats. The only exception was Brazil, where the real plunged after Trump threatened tariffs of up to 50%.
Investors continued to seek riskier assets as the most damaging tariff scenarios appeared unlikely. The market’s optimism was also bolstered by the minutes of the Federal Reserve’s most recent meeting, in which a majority of policymakers said a rate cut would be appropriate later this year.
The dollar is benefiting somewhat from the perception that, despite the volatility from tariffs, the U.S. economy remains a pillar of the global trading system, said Juan Perez, director of trading at Monex USA in Washington.
“So what should you do when the US makes unpredictable moves? The answer is still to hold the US dollar. Oddly enough, the sudden talk of tariffs shows the power of the US’s leverage,” Mr. Perez said.
The dollar rose 0.37% against the Swiss franc to 0.797, reversing two consecutive sessions of declines. Meanwhile, the dollar was almost flat against the Japanese yen, trading around 146.235.
The EUR fell 0.23% to $1.1692, marking two consecutive sessions of declines against the greenback.
Brazilian President Luiz Inácio Lula da Silva said he wanted to find a diplomatic solution to President Donald Trump’s threat to impose a 50% tariff on Brazilian exports, but he also said he would respond in kind if the tariff goes into effect on August 1.
The Brazilian real fell 2.8%, its biggest one-day drop since June 6. At the close of trading, the real was down 0.56%, trading at $5.5433.
With the exception of Brazil, Mr. Trump’s latest trade letters to partners largely maintain the tariffs announced in his April 2 “Liberation Day” proclamation, similar to letters sent this week.
Domestic foreign exchange rates
At the time of survey at 6:30 a.m. on July 11, the central exchange rate at the State Bank was currently 25,131 VND/USD, an increase of 12 VND compared to yesterday's trading session.
The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 23,925 VND - 26,337 VND.
Specifically, at Vietcombank, the USD exchange rate is 25,900 - 26,290 VND/USD, down 30 VND in both directions, compared to yesterday's trading session.
NCB Bank is buying USD cash at the lowest price: 1 USD = 25,770 VND
SCB and VRB banks are buying USD transfers at the lowest price: 1 USD = 25,910 VND
HSBC Bank is buying USD cash at the highest price: 1 USD = 26,024 VND; buying USD transfer at the highest price: 1 USD = 26,024 VND
HSBC Bank is selling USD cash at the lowest price: 1 USD = 26,260 VND; selling USD transfer at the lowest price: 1 USD = 26,260 VND
Saigonbank is selling USD cash at the highest price: 1 USD = 26,380 VND
SCB Bank is selling USD transfers at the highest price: 1 USD = 26,320 VND
In the "black market", the black market USD exchange rate as of 4:30 a.m. on July 11, 2025 decreased by 29 VND in buying and 15 VND in selling, compared to yesterday's trading session, trading around 26,361 - 26,461 VND/USD.
Source: https://baolamdong.vn/ty-gia-ngoai-te-hom-nay-11-7-dong-usd-bat-tang-381913.html
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