Foreign exchange rates today July 2: USD regains upward momentum

Foreign exchange rates today, July 2, the USD regained its upward momentum compared to major currencies such as the Japanese Yen and the Swiss franc after the US employment report showed that the number of vacancies in May increased more than expected. This information shows that the demand for labor in the US is still high, thereby reducing the possibility that the US Federal Reserve (Fed) will soon cut interest rates.

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) decreased by 0.23% to 96.66.

The dollar pared losses against major currencies including the Japanese yen and Swiss franc on Tuesday, after data showed stronger-than-expected labor market demand and the Federal Reserve is unlikely to rush to cut interest rates.

Foreign exchange rates today 27 USD gradually recovers

The Republican-controlled US Senate has passed President Donald Trump's tax and spending bill, approving a massive package that includes many of his top priorities while adding $3.3 trillion to the national debt. The bill now moves to the House of Representatives for final approval.

At a central bank conference in Portugal, Fed Chairman Jerome Powell reiterated that the US central bank will wait for more data before starting to ease monetary policy, but he did not rule out a rate cut in July.

The dollar pared losses against the yen and the Swiss franc after data from the Labor Department showed job openings rose by 374,000 to 7.769 million in May. The dollar pared losses against the yen and the Swiss franc after the Senate passed a spending bill. The greenback fell 0.29% to 143.58 yen and 0.16% to 0.79175 Swiss franc, down from earlier losses of 0.46% and 0.28%, respectively.

“This has been the worst first half of the year for the US dollar index since 1973, largely due to concerns about trade policy and the economic slowdown,” said Matthew Weller, director of global markets research at StoneX. “However, in the short term, the market may be overreacting and the US dollar is likely to recover in July.”

U.S. Treasury yields rose after the jobs data. The yield on the benchmark 10-year note rose 2.3 basis points to 4.25%.

“Concerns about the Fed or monetary policy are weighing on the dollar,” said Marvin Loh, senior global market strategist at State Street in Boston. “If the Fed cuts rates, the spread will narrow… The probability of a July rate cut is now at 20%, compared to zero just a few weeks ago. Clearly the probability of a September cut is becoming more certain and the market view is changing.”

The euro fell 0.13% to $1.18020 after rising 0.05% on the day.

The pound reversed gains, currently up 0.07% to 1.374 against the dollar, marking its second consecutive session of gains.

Domestic foreign exchange rates

According to a survey in the early morning of July 2, the central exchange rate at the State Bank is currently 25,058 VND/USD, an increase of 6 VND compared to yesterday's trading session.

Specifically, at Vietcombank , the USD exchange rate is 25,920 - 26,310 VND/USD, up 10 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

VietinBank is buying USD transfers at the lowest price: 1 USD = 25,770 VND

HSBC Bank is buying USD cash at the highest price: 1 USD = 26,007 VND; buying USD transfer at the highest price: 1 USD = 26,007 VND

HSBC Bank is selling USD cash at the lowest price: 1 USD = 26,243 VND; selling USD transfer at the lowest price: 1 USD = 26,243 VND

ACB, Eximbank, HDBank, MSB, PublicBank, Saigonbank, Techcombank, TPB, UOB, VietABank, Vietcombank are selling USD cash at the highest price: 1 USD = 26,310 VND

ACB, MSB, NCB, PublicBank, TPB, VietBank are selling USD transfers at the highest price: 1 USD = 26,310 VND

In the "black market", the black market USD exchange rate as of 4:30 a.m. on July 2, 2025 decreased by 68 VND in both buying and selling directions, compared to yesterday's trading session, trading around 26,359 - 26,439 VND/USD.

Source: https://baolamdong.vn/ty-gia-ngoai-te-hom-nay-2-7-dong-usd-lay-lai-da-tang-gia-290805.html