World currency exchange rates
The dollar's weakness was fueled by disappointing economic data and concerns about the lasting impact of tariffs imposed by US President Donald Trump.
Meanwhile, the euro continued to rise against the dollar, reflecting a shift in market expectations for the European Central Bank's (ECB) monetary policy. After the ECB cut interest rates by another 0.25 percentage points to 2%, ECB President Christine Lagarde said the bank was "well-positioned" to manage global economic uncertainties, especially those related to US tariff policies.
The statement led markets to believe that the ECB was nearing the end of its rate-cutting cycle, leading to a rise in the euro and a spike in short-term bond yields in the eurozone.
The euro’s strength has also been supported by other factors, including lower oil prices and improving business activity indicators. The euro has gained nearly 4% against a basket of major currencies since the start of 2025, marking a significant recovery for the currency.
In contrast, the Japanese yen fell 0.27% against the dollar, trading at 143.93 yen per dollar. The US Federal Reserve (Fed) is facing pressure to cut interest rates due to weak economic data, while the Bank of Japan (BOJ) ended its massive economic stimulus program and raised short-term interest rates by 0.5%. However, the BOJ remained cautious about raising interest rates further due to concerns about the impact of US tariffs.
Japan's former top foreign exchange official Mitsuhiro Furusawa predicts the yen will appreciate to around 135-140 yen per dollar by the end of 2025, largely due to a narrowing interest rate gap between the United States and Japan. He also said both countries want to stabilize their currencies to control inflation and protect exports.
Domestic foreign exchange rates
In the domestic market, at the beginning of the trading session on June 7, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,992 VND.
* The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,793 VND - 26,191 VND.
USD exchange rates at some commercial banks are as follows:
* The EUR exchange rate at the State Bank's buying and selling exchange increased, currently at: 27,183 VND - 30,044 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: 165 VND - 183 VND.
The YEN exchange rate at some commercial banks is as follows:
Source: https://baodaknong.vn/ty-gia-ngoai-te-hom-nay-7-6-dong-usd-tiep-tuc-suy-yeu-254869.html
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