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Foreign exchange rates, USD/VND exchange rate today June 2: The role of the USD as a safe haven is shaken

Foreign exchange rates, USD/VND exchange rate today, June 2, weakened due to economic uncertainties and US trade policies. According to a Reuters survey, more than 55% of foreign exchange strategists questioned expressed concerns about the role of the USD as a safe haven.

Báo Quốc TếBáo Quốc Tế02/06/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: June 2, 2025 08:00 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,830 25,840 26,180
EUR EUR 28,883 28,999 30,108
GBP GBP 34,409 34,547 35,525
HKD HKD 3,251 3,264 3,369
CHF CHF 31,008 31,133 32,052
JPY JPY 176.27 176.98 184.34
AUD AUD 16,354 16,420 16,950
SGD SGD 19,791 19,870 20,414
THB THB 772 775 809
CAD CAD 18,494 18,568 19,087
NZD NZD 15,224 15,733
KRW KRW 18 19.81

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 7:50 a.m. on June 2, the State Bank announced the central exchange rate of the Vietnamese Dong at 24,978 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,780 VND - 26,176 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,810 - 26,200 VND.

Vietinbank: 25,670 - 26,180 VND.

ty-gia-usd-hom-nay-128-vi-the-lung-lay-vi-lien-minh-nga-trung-quoc-dong-usd-quay-ve-voi-xu-huong-giam
Foreign exchange rates, USD/VND exchange rate today, June 2: The role of the USD as a safe haven is shaken. (Source: CNBC)

World market developments

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 99.44.

The DXY index fell sharply, reflecting the greenback's weakness amid economic uncertainty and US trade policy.

President Donald Trump's continued push for tariffs and potential withdrawal from international organizations like the IMF have raised concerns about the dollar's status as a safe haven asset.

The DXY is facing a key resistance zone at 105.5. If it fails to clear this level decisively, the USD could correct lower towards the support zones at 104.7 and further to 104.2, where fresh buying pressure could be triggered.

In case of a break above 105.5, the USD will have a chance to retest the old highs around 106.2 next week.

Further upside momentum depends largely on the speeches of Fed officials and important economic data such as the jobs report or the consumer price index (CPI) released during the week.

More than 55% of foreign exchange strategists surveyed expressed concerns about the dollar's safe-haven role, up sharply from last month's survey, according to a Reuters survey.

Uncertainty over the Trump administration's trade and fiscal policies has undermined investor confidence in the greenback.

The EUR and the Pound are under pressure to depreciate due to the monetary easing policies of the European Central Bank (ECB) and the Bank of England (BoE), along with internal political uncertainties.

Meanwhile, the Japanese Yen (JPY) showed an upward trend due to expectations that the Bank of Japan (BOJ) will adjust monetary policy towards normalization.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-26-vai-tro-ham-tru-an-an-toan-cua-dong-usd-bi-lung-lay-316310.html


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