USD exchange rate today (August 1): USD is heading towards an increasing month...

USD exchange rate today: Early morning of August 1, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased, currently at 25,240 VND.

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.22% to 100.03.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

USD exchange rate today in the world

The US dollar is on track for its first monthly gain in 2025 against a basket of major currencies, supported by easing trade tensions and the resilience of the US economy .

The greenback rose against the yen on Thursday, hitting its highest level since May 28. The dollar has gained about 5% since the start of July, marking its strongest monthly gain since December 2024. By the end of the session, the dollar was up 0.83% at 150.765 yen.

As widely expected, the Bank of Japan (BOJ) on Thursday kept its short-term interest rate unchanged at 0.5% by unanimous vote, while revising up its inflation forecast for the coming years.

The day before, the US Federal Reserve (Fed) decided to keep interest rates unchanged, ignoring repeated calls from President Donald Trump to lower borrowing costs. Fed Chairman Jerome Powell also emphasized that he was in no rush to cut interest rates.

The dollar has been bolstered by the Fed’s dovish stance and the resilience of the US economy, while concerns about Trump’s tariffs have also eased following a series of trade deals.

The DXY index rose 0.22% to 100.03, a clear sign that the greenback is headed for its first monthly gain this year.

“There has been a clash and conflict between what the Fed is observing and deciding to do, and the expectations from the White House and probably from many investors in the stock market,” said Juan Perez, director of trading at Monex USA in Washington, DC.

“If the Fed had completely abandoned its hawkish stance, including its tough press conference, it would have been understandable for the dollar to rise, and it did,” added Juan Perez.

New data showed the number of Americans filing for unemployment benefits for the first time rose only slightly last week, suggesting the US labor market remains stable.

Meanwhile, the euro has been one of the hardest hit by the dollar's rally this month, as investors have pulled back from speculative positions on the European economic recovery - expectations that had been raised at the beginning of the year.

The common European currency was up 0.19% at $1.1426, after hitting a seven-week low on Wednesday. However, for the month, the euro is still on track to lose nearly 3%.

The US dollar fell 0.31% against the Swiss franc to 0.812 francs, but still recorded a 2.36% gain in July, showing that the US dollar's upward trend is not over yet.

Illustration photo: baoninhbinh.org.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on August 1, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,240 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 24,028 VND - 26,452 VND.

USD exchange rates at commercial banks are as follows: