Foreign exchange rates today July 12: USD continues to increase in value

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 0.22% to 97.87....

In the US market, the US Dollar Index (DXY), which measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), increased by 0.22% to 97.87. In the country, the central exchange rate of the Vietnamese Dong against the USD decreased, currently at 25,128 VND.

World foreign exchange rates today

The US dollar rose against major currencies such as the Japanese yen and the euro after US President Donald Trump reignited trade tensions by imposing new tariffs on Canada and other trading partners.

On Thursday evening, Mr. Trump issued a letter announcing that a 35% tariff on all goods imported from Canada would take effect on August 1.

The US president, who has upended global business and policy with a wave of broad tariffs, has proposed imposing a flat 15% or 20% tariff on other countries, on top of the current base rate of 10%.

This week, Mr. Trump unexpectedly imposed a 50% tariff on goods from Brazil, a country with a trade surplus with the United States, and expanded the tax to include copper, pharmaceuticals, and semiconductors.

“Clearly, tariff concerns are starting to return after Trump proposed a blanket tariff yesterday,” said Michael Brown, senior market analyst at Pepperstone in London. “However, FX volatility remains fairly limited and recent swings have generally held,” he added.

The dollar rose 0.79% to 147.4 yen, on track for a nearly 2% weekly gain, its biggest weekly gain since early December 2024. Against the Swiss franc, the dollar was almost flat at 0.79695 franc.

The euro fell 0.1% to $1.1688 after Mr Trump said the European Union could receive a letter announcing the tariffs on Friday, raising doubts about progress in trade talks between Brussels and Washington.

The Canadian dollar weakened against the greenback, down 0.11% to $1.3672, after initially falling more than 0.5% when Trump announced the new tariffs. The Brazilian real also fell 0.26% against the dollar.

The market reaction to the latest round of tariffs has been much more subdued than the massive sell-off that followed the “Liberation Day” announcement in April. But investors remain wary of the future of global trade and whether the August 1 deadline will be the final straw.

Further supporting the USD were data showing the US labor market remained solid, along with minutes of the US Federal Reserve's latest policy meeting showing a more cautious stance, thereby reducing market expectations of a possible near-term interest rate cut.

Elsewhere, the pound fell 0.54 percent to $1.35050, its lowest in two weeks, after data showed the UK economy unexpectedly contracted in May, marking a second straight monthly decline.

Domestic foreign exchange rates today

In the domestic market, at the beginning of the trading session on July 12, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,128 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center has decreased, currently at: 23,922 VND - 26,334 VND.

USD exchange rates at some commercial banks are as follows:

* The EUR exchange rate at the State Bank's buying and selling exchange center has decreased, currently at: 27,869 VND - 30,802 VND.

EUR exchange rates at some commercial banks are as follows:

* The Japanese Yen exchange rate at the State Bank's exchange office for buying and selling has slightly decreased, currently at: 163 VND - 180 VND.

The YEN exchange rate at some commercial banks is as follows:

Source: https://baolamdong.vn/ty-gia-ngoai-te-hom-nay-12-7-dong-usd-tiep-tuc-tang-gia-382047.html