Foreign exchange rates, USD/VND exchange rate today June 5: The safe haven role of the USD is questioned

Foreign exchange rates, USD/VND exchange rate today, June 5, recorded the USD continued to weaken due to concerns about the US fiscal situation, economic growth and trade policy. According to a Reuters survey of foreign exchange strategists, nearly 90% predicted that demand for USD-denominated assets would decrease in the coming months.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: June 5, 2025 08:30 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,890	25,900	26,240
EUR	EUR	29,096	29,213	30,326
GBP	GBP	34,643	34,782	35,777
HKD	HKD	3,257	3,270	3,375
CHF	CHF	31,091	31,216	32,129
JPY	JPY	176.56	177.27	184.63
AUD	AUD	16,527	16,593	17,126
SGD	SGD	19,870	19,950	20,496
THB	THB	775	778	813
CAD	CAD	18,669	18,744	19,269
NZD	NZD		15,398	15,909
KRW	KRW		18.22	20.07

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 4, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,004 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,804 VND - 26,204 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,864 - 26,254 VND.

Vietinbank: 25,755 - 26,254 VND.

Foreign exchange rates, USD/VND exchange rate today, June 5: The safe haven role of the USD is questioned. (Source: Arab News)

World market developments

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.41% to 98.82.

The US dollar continued to weaken due to concerns about the US fiscal situation, economic growth and trade policy.

Nearly 90% of foreign exchange strategists expect demand for dollar-denominated assets to fall in the coming months, according to a Reuters survey.

At the same time, more than half of respondents doubted the safe-haven role of the US dollar. Meanwhile, the euro is expected to rise, possibly reaching $1.18 within a year, despite the possibility of a rate cut by the European Central Bank.

A major factor in the dollar's weakness is the recent package of tax cuts and spending increases, which is estimated to add $3.3 trillion to the already-high $36.2 trillion public debt.

This has pushed up long-term bond yields and widened maturity spreads, causing the US dollar to fall nearly 10% against a basket of major currencies since mid-January 2025.

Weak economic data also contributed to the dollar’s ​​decline. U.S. private-sector jobs increased by just 37,000 in May, far below the 110,000 forecast, and the service sector contracted for the first time in nearly a year.

US President Donald Trump has called on the Federal Reserve to cut interest rates, but analysts say current data is insufficient to prompt an immediate policy change.

The EUR/USD pair rose to $1.1414, marking a 0.4% gain on the day. The EUR's rise was driven by a weaker US dollar and expectations of the EUR's growing role in international foreign exchange reserves.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-56-vai-tro-tru-an-an-toan-cua-dong-usd-bi-nghi-ngo-316627.html