USD exchange rate today (July 19): USD slightly decreased compared to the euro

USD exchange rate today: Early morning of July 19, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased, currently at 25,185 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 0.27% to 98.46.

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

USD exchange rate today in the world

The dollar eased against the euro on Friday but held on to its weekly gains, as investors weighed the Federal Reserve’s expected policy amid signs that tariffs may be starting to add to inflationary pressures, and as US President Donald Trump continued to criticize Fed Chairman Jerome Powell.

Data released on Tuesday showed consumer prices rose in June, although the increase was seen as moderate. The producer price inflation report on Wednesday showed prices were largely unchanged last month.

Mr. Powell said he expected inflation to rise this summer due to the impact of President Trump's tariff policies. Those comments delayed expectations about when the Fed would cut interest rates.

However, the labor market is showing signs of weakness, although job growth and the unemployment rate remain fairly stable.

“We’re waiting to see if the tariffs are actually going to be implemented or if they’re just a negotiating tactic, and we’re waiting for the labor market to show up more clearly,” said Lou Brien, a strategist at DRW Trading in Chicago. “Layoffs are lower than they were before the pandemic, but hiring is terrible. If you suddenly start seeing a spike in layoffs, you’re going to see unemployment rise very quickly,” Brien added.

Fed Governor Christopher Waller said he supported a rate cut at the July meeting because he thought tariffs were likely to have a limited impact on inflation. Waller added that the underlying data “does not point to a really strong private labor market,” and the Fed should “get ahead of” a potential hiring slowdown.

In contrast, most Fed officials have expressed a desire to keep rates unchanged, and traders are betting on a 95.3% chance that rates will remain unchanged after the meeting later this month.

The euro rose 0.22% against the dollar to $1.1621 but was still on track for a 0.59% weekly loss. The euro fell slightly after the Financial Times reported that Trump was pushing for a minimum tariff of 15% to 20% in any deal with the European Union.

The British pound stood at $1.3411 and was on track to fall 0.64% for the week.

The Japanese yen edged lower against the dollar ahead of Sunday’s Upper House election, in which Japan’s ruling party appears to be on the back foot. The dollar rose 0.1% against the yen to 148.75 yen and was on track for a 0.93% gain for the week.

Polls show Japan's ruling coalition is at risk of losing its majority, which would increase domestic policy uncertainty and complicate tariff talks with the United States.

Illustration photo: laodongthudo.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on July 19, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,185 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 23,976 VND - 26,394 VND.

USD exchange rates at commercial banks are as follows: