World currency exchange rates today
The dollar rose against the euro and yen on Monday as markets were boosted by a trade deal between the United States and the European Union (EU), bringing some certainty to markets and avoiding the risk of a global trade war.
US President Donald Trump and European Commission President Ursula von der Leyen reached a framework for a trade deal on Sunday that sets a 15% import tariff on EU goods, half the rate Trump had threatened to impose from August 1.
This follows last week's US deal with Japan, while top US and Chinese economic officials resumed talks in Stockholm on Monday, aiming to extend the truce by three months and avoid a sudden increase in tariffs.
The dollar rose 1% against the Swiss franc to 0.80325 francs. The dollar also rose 0.59% against the Japanese yen to 148.535.
The euro fell 1.25% to $1.159125, its biggest one-day drop since mid-May. The dollar fell sharply earlier this year, especially against the euro, on concerns that higher tariffs on most major trading partners would hurt the U.S. economy, prompting investors to consider pulling money out of U.S. assets. Government bond yield differentials are typically a big factor in exchange rates, but the euro is now significantly higher than the spread between U.S. and euro zone bond yields.
The euro fell against the Japanese yen and the British pound, after hitting a one-year high against the yen and a two-year high against the pound earlier in the session. The dollar gained against the pound, with the pound down 0.67% to $1.33545.
As concerns about the economic impact of punitive tariffs ease, investors’ attention turns to corporate earnings and meetings of the US and Japanese central banks in the coming days. Both the US Federal Reserve and the Bank of Japan are expected to keep interest rates unchanged at their policy meetings this week, but investors will be watching for comments afterward to gauge the timing of the next rate adjustment.
Investors will also be watching President Trump's reaction to the Fed's decision. President Trump has been putting a lot of pressure on the Fed to cut interest rates significantly, and last week he appeared to be close to firing Chairman Powell, but then backed off over concerns that the market could be shaken up.
Domestic foreign exchange rates today
In the domestic market, at the beginning of the trading session on July 29, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,182 VND.
* The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 23,973 VND - 26,391 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 increased, currently at: 28,146 VND - 31,109 VND.
EUR exchange rates at some commercial banks are as follows:
* The current buying and selling rate of Japanese Yen at the State Bank of Vietnam is: 162 VND - 179 VND.
The YEN exchange rate at some commercial banks is as follows:
Source: https://baolamdong.vn/ty-gia-ngoai-te-hom-nay-29-7-dong-usd-tang-gia-sau-thoa-thuan-thuong-mai-my-eu-384161.html
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