Foreign exchange rates, USD/VND exchange rate today, July 29: USD 'surging', standing out in the currency basket, thanks to what?

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 07/29/2025 07:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	26,000	26,010	26,350
EUR	EUR	30,079	30,200	31,328
GBP	GBP	34,521	34,660	35,648
HKD	HKD	3,270	3,283	3,389
CHF	CHF	32,305	32,435	33,359
JPY	JPY	173.06	173.76	181.12
AUD	AUD	16,814	16,882	17,424
SGD	SGD	20,075	20,156	20,705
THB	THB	788	791	826
CAD	CAD	18,758	18,833	19,360
NZD	NZD		15,462	15,969
KRW	KRW		18.17	19.94

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 29, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,182 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,973 VND - 26,391 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,980 VND - 26,370 VND.

Vietinbank: 25,895 VND - 26,450 VND.

Foreign exchange rates, USD/VND exchange rate today, July 29: USD 'surging', standing out in the currency basket, thanks to what? (Source: Getty Images)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 1.04% to 98.66.

The US dollar gained against the euro and yen as markets were boosted by a trade deal between the US 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 July 27 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 August 28, 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, marking its biggest one-day drop since mid-May.

The US dollar fell sharply earlier this year, especially against the euro, on concerns that high tariffs on most major trading partners would hurt the US economy, prompting investors to consider pulling money out of US assets.

Normally, the government bond yield spread is a big factor influencing exchange rates, but currently the EUR exchange rate is significantly higher than the spread between US and euro zone bond yields.

The euro fell against the Japanese yen and British pound, after hitting one-year highs against the yen and two-year highs against sterling earlier in the session.

The US dollar rose again against the British pound, with the pound down 0.67% to $1.33545.

Investors will 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.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-297-usd-day-song-noi-bat-trong-ro-tien-te-nho-dau-322584.html