Foreign exchange rates, USD/VND exchange rate today August 4: USD slips from important level, main cause comes from Fed

Foreign exchange rates, USD/VND exchange rate today, August 4, recorded that the USD is likely to decrease slightly if there are no additional strong supporting factors.

Foreign exchange rate update table - Agribank USD exchange rate today

1. Agribank - Updated: 04/08/2025 07:00 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	26,010	26,020	26,360
CZ	CZ	29,331	29,449	30,567
GBP	GBP	33,972	34,108	35,089
HKD	HKD	3,271	3,284	3,390
CHF	CHF	31,642	31,769	32,662
rush	rush	169.85	170.53	177.65
AUD	AUD	16,523	16,589	17,127
SGD	SGD	19,838	19,918	20,457
THB	THB	778	781	816
CAD	CAD	18,581	18,656	19,174
NZD	NZD		15,174	15,678
KRW	KRW		17.96	19.68

Exchange rate developments in the domestic market

In the domestic market, observations include: According to the World and Vietnam newspaper at 7:30 AM on August 4th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong at 25,249 VND.

The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 24,037 VND - 26,461 VND.

The USD exchange rates at commercial banks for buying and selling are as follows:

Vietcombank : 26,000 VND - 26,390 VND.

Vietinbank: 25,890 VND - 26,400 VND.

Foreign exchange rates, USD/VND exchange rate today, August 4th: USD slips from key level, mainly due to the Fed. (Source: Investing)

Global market developments

The US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), is at 98.60.

Last week, the USD Index (DXY), which measures the strength of the USD against six major currencies, marked its strongest weekly gain since 2022, thanks to Fed Chairman Powell's steadfast statement that interest rates would not be cut in September.

However, the DXY index fell sharply on August 2nd, reaching 98.69, down 1.28% from the previous session.

This decline stems primarily from the US July 2025 jobs report, which showed only 73,000 new jobs created, far below analysts' expectations of 110,000.

At the same time, the unemployment rate rose slightly to 4.2%, raising concerns about a weakening US labor market.

These figures have raised expectations that the US Federal Reserve (Fed) may cut interest rates at its September policy meeting, a move that typically puts downward pressure on the US dollar.

Luke Tilley, chief economist at Wilmington Trust, emphasized: "The market is reacting to the possibility of the economy falling into recession. Weak employment data is piling on top of weak earnings reports and weak forecasts from some corporations."

Earlier last week, the Japanese yen rose on expectations of a Bank of Japan (BOJ) interest rate hike, but then stabilized. These moves suggest the US dollar is strengthening against major currencies like the euro but is under pressure in other markets.

Meanwhile, top US and Chinese trade officials held talks lasting more than five hours in Stockholm on Monday and reached a provisional agreement to extend the tariff moratorium for 90 days, pending final approval from President Donald Trump.

President Trump's trade deals could support the dollar by strengthening America's economic position.

However, the greenback still appears weighed down by growing uncertainty in Washington, and any policy shift could easily provide short-term support or another shock to the USD.

This week, the US dollar is likely to decline slightly unless there is further strong support. However, if trade negotiations continue to yield positive signals or new economic data from the US is more favorable, the dollar could recover and rise slightly.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-48-usd-truot-khoi-moc-quan-trong-nguyen-nhan-chinh-den-tu-fed-323257.html