Foreign exchange rates, USD/VND exchange rate today, July 23: Japanese Yen breaks out strongly, investors ignore tax deadline

Foreign exchange rate update table - USD exchange rate Agribank today

[WIDGET_MONEY_RATE:::Agribank:]

Exchange rate developments in the domestic market

In the domestic market, the record of World and Vietnam Newspaper at 7:30 a.m. on July 23, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,179 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,971 VND - 26,387 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,930 VND - 26,320 VND.

Vietinbank: 25,815 VND - 26,325 VND.

Foreign exchange rates, USD/VND exchange rate today, July 23: Japanese Yen breaks out strongly, investors ignore tax deadline. (Source: Bloomberg)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.46% to 97.40.

The dollar fell, while the yen was among the major currencies that rose sharply against the greenback, as investors watched negotiations ahead of the August 1 tariff deadline.

The dollar fell 0.5 percent to 146.54 yen. The dollar has fallen for two consecutive sessions against the yen.

Less than two weeks before August 1, US Treasury Secretary Scott Bessent said the administration was more concerned about the quality of trade deals than the timing of their completion.

Asked whether the deadline could be extended for countries that are engaged in productive negotiations with Washington, Mr. Bessent said that would be the decision for President Donald Trump.

“The market is… ignoring the noise around the August 1 deadline unless something really clear happens,” said Brad Bechtel, global head of foreign exchange trading at Jefferies in New York. “And the reality is that many of the economic data have been solid, even with some tariffs in place.”

Uncertainty over the global tax landscape is a major drag on the foreign exchange market, leaving major currencies trading in tight ranges.

The euro edged up 0.2% to $1.1725, with the European Central Bank (ECB) also in focus this week with its policy meeting.

However, the ECB is not expected to adjust eurozone interest rates. The euro hit a two-week high in early global trading.

In addition, investor sentiment was also affected by concerns about the independence of the US Federal Reserve (Fed), when President Trump repeatedly criticized Chairman Jerome Powell and called for his resignation because the Fed was not willing to cut interest rates.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-237-yen-nhat-but-pha-manh-nha-dau-tu-phot-lo-thoi-han-ap-thue-321915.html