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Foreign exchange rates, USD/VND exchange rate today August 8: The position of Fed Chairman has a leading candidate, USD at commercial banks drops lower

Foreign exchange rates, USD/VND exchange rate today, August 8, recorded an increase in USD after Bloomberg reported that US Federal Reserve Governor Christopher Waller is emerging as a leading candidate for the position of Fed Chairman.

Báo Quốc TếBáo Quốc Tế08/08/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: August 8, 2025 08:00 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 26,040 26,050 26,390
EUR EUR 29,955 30,075 31,201
GBP GBP 34,376 34,514 35,500
HKD HKD 3,275 3,288 3,394
CHF CHF 31,937 32,065 32,971
JPY JPY 173.68 174.38 181.76
AUD AUD 16,705 16,772 17,313
SGD SGD 20,037 20,117 20,664
THB THB 789 792 827
CAD CAD 18,742 18,817 19,342
NZD NZD 15,298 15,804
KRW KRW 18.12 19.88

Exchange rate developments in the domestic market

In the domestic market, the record of World and Vietnam Newspaper at 6:40 a.m. on August 8, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,239 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 : 26,010 VND - 26,400 VND.

Vietinbank: 25,865 VND - 26,375 VND.

The selling price of USD at major commercial banks mainly decreased compared to the previous session, the highest recorded level was 26,375 VND/USD.

(Nguồn: Tân Hoa xã)
Foreign exchange rates, USD/VND exchange rate today, August 8: The Fed Chairman position has a leading candidate, USD at commercial banks drops lower. (Source: Xinhua)

World market developments

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 98.05.

The US dollar rose after Bloomberg reported that US Federal Reserve Governor Christopher Waller is emerging as a leading candidate for Fed chairman in President Donald Trump's team.

Bloomberg said Mr. Waller has met with members of Mr. Trump's team — who were impressed with him — although he has not met the President in person.

However, Mr. Waller is highly regarded in the financial community and central banks and his appointment would be a positive signal for the USD.

Waller is seen as dovish, but has the credibility to keep long-term interest rates steady and is a strong supporter of capital flows into the dollar, said Karl Schamotta, chief market strategist at Corpay in Toronto.

Against the Japanese Yen, the USD increased 0.1% to 147.49.

The British pound rose after a higher-than-expected number of policymakers at the Bank of England (BoE) voted to keep interest rates on hold, despite the bank cutting rates by 25 basis points as expected.

Four of the nine BoE members voted to keep interest rates unchanged amid concerns about high inflation, suggesting the BoE's rate-cutting cycle may be coming to an end. The pound ended the session up 0.41% at $1.341.

Meanwhile, the EUR fell 0.27% to $1.1627. The EUR is likely to continue to be supported against the USD, due to the relatively more “hawkish” policy from the European Central Bank (ECB).

Against the Swiss franc, the USD rose 0.16% to 0.808.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-88-chuc-vu-chu-chairman-fed-co-ung-cu-vien-hang-dau-usd-tai-ngan-hang-thuong-mai-ha-xuong-thap-hon-323699.html


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