Foreign exchange rates, USD/VND exchange rate today, August 7: USD's growth momentum was quickly 'erased', EUR 'galloped'

Foreign exchange rates, USD/VND exchange rate today, August 7, recorded USD weakening, EUR increasing to a one-week high amid investors' increasing expectations that the Fed will cut interest rates more than expected.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: August 7, 2025 07:30 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	26,060	26,070	26,410
EUR	EUR	29,692	29,811	30,934
GBP	GBP	34,209	34,346	35,330
HKD	HKD	3,277	3,290	3,396
CHF	CHF	31,817	31,945	32,844
JPY	JPY	173.99	174.69	182.09
AUD	AUD	16,602	16,669	17,209
SGD	SGD	20,008	20,088	20,633
THB	THB	789	792	827
CAD	CAD	18,689	18,764	19,287
NZD	NZD		15,203	15,707
KRW	KRW		18.08	19.83

Exchange rate developments in the domestic market

In the domestic market, the record of World and Vietnam Newspaper at 7:30 a.m. on August 7, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,232 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 24,021 VND - 26,443 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 26,030 VND - 26,420 VND.

Vietinbank: 25,920 VND - 26,430 VND.

Foreign exchange rates, USD/VND exchange rate today August 7: USD's upward momentum was quickly 'erased'. (Source: Capital)

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 0.56%, currently at 98.23.

The US dollar weakened and the euro rose to a one-week high, as investors increased expectations that the US Federal Reserve will cut interest rates more than expected.

There were no major economic data releases today, so investors continued to focus on the lingering effects of last week's jobs report.

US job growth in July 2025 was weaker than expected, while non-farm payrolls figures for the previous two months were revised down by 258,000 jobs - a significant number - showing that the labor market is clearly weakening.

The greenback fell sharply after the report, erasing much of the gains recorded in July 2025 - the first month this year in which the USD index rose again.

“We saw the first rally in the dollar under President Donald Trump’s second term, and many thought that trend would continue, but Friday’s jobs data put that to rest,” said Marc Chandler, CEO of Bannockburn Global Forex in New York.

The DXY index fell 0.56% on the day to 98.23, its lowest level since July 28.

Earlier, the index had fallen 1.35%, marking its sharpest one-day drop since April.

The greenback briefly jumped in midday trading in New York, but the gains were quickly erased.

The move is believed to be linked to rising US Treasury yields, as investors placed large bets on futures contracts ahead of the 10-year bond auction.

However, the USD continued to fall sharply after the US Treasury Department recorded weak demand in the offering of 42 billion USD of 10-year bonds.

In the currency market, the EUR rose 0.76% to $1.1662, its highest level since July 28. In the previous Friday session, the common European currency increased 1.48%.

Compared to the Japanese Yen, the USD fell 0.35% to 147.09 Yen.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-78-da-tang-cua-usd-nhanh-chong-bi-xoa-nhoa-eur-phi-ma-323573.html