USD exchange rate today (July 17): USD turns to decrease

USD exchange rate today: Early morning of July 17, the State Bank announced that the central exchange rate of the Vietnamese Dong to the USD continued to increase, currently at 25,168 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) decreased by 0.31% to 98.31.

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

USD exchange rate today in the world

The US dollar and US bond yields fell as markets stabilized after US President Donald Trump said it was "very unlikely" he would fire Federal Reserve Chairman Jerome Powell.

Markets had been volatile late Wednesday morning, when the dollar sold off sharply on concerns that Trump would fire the head of the central bank. However, investors reversed course after Trump denied a Bloomberg report that he was planning to fire Powell.

However, President Trump said he had discussed the idea with some Republican lawmakers and continued to criticize Mr. Powell, refusing to completely rule out replacing the Fed chairman, whose term ends in May 2026. Mr. Powell has been publicly criticized by President Trump several times for keeping interest rates steady while monitoring the inflationary impact of tariffs. The president has repeatedly pressed the Fed to lower rates sooner, raising concerns about the central bank's independence.

Earlier, data showed that U.S. producer prices were unexpectedly flat in June, as higher goods costs from tariffs on imports were offset by weakness in the services sector. The producer price index (PPI) was unchanged in June after rising 0.3% in May. This came after consumer price index (CPI) data released on Tuesday showed some prices rising.

“It’s too early to tell how much and how tariffs will affect inflation,” said Don Calcagni, chief investment officer at Mercer Advisors, noting that inflation readings are being affected by unusually high levels of business inventories built up in response to new import duties.

In currency markets, the dollar edged lower but remained above its low of the day after initial concerns about Mr. Powell eased. The euro rose 0.34% to $1.1639, while the dollar fell 0.71% against the Japanese yen to $147.81.

The pound rose 0.28% to $1.3416 after data showed Britain's annual consumer inflation unexpectedly rose to its highest level in more than a year.

“Bond and FX markets don’t like uncertainty,” said Kenneth Broux, head of corporate and interest rate research at Societe Generale in London. “We had a strong CPI (excluding autos) yesterday, so a rate cut is the way to go, while tariffs starting to affect consumer prices are not reassuring.”

The USD turned down. Photo: baonghean.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on July 17, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,168 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 23,960 VND - 26,376 VND.

USD exchange rates at commercial banks are as follows: