USD exchange rate today (July 20): USD increased slightly thanks to data...

USD exchange rate today: Early morning of July 20, the State Bank announced the central exchange rate of Vietnamese Dong to USD is currently at 25,185 VND.

The USD Index (DXY), which measures the greenback's performance against six major currencies, rose 0.51% this week to 98.46.

USD exchange rate in the world last week

The US dollar experienced a week of slight fluctuations but still maintained its recovery momentum compared to the beginning of the month, although downward pressure remained amid uncertainties regarding monetary policy and global capital flows. The index measuring the strength of the US dollar against major currencies – the Dollar Index (DXY) – opened the week at around 98.46 points and gradually increased in the first days of the week, at times surpassing the 98.7 point mark, before slightly adjusting to 98.46 points at the end of the week.

Chart of DXY Index fluctuations over the past week. Photo: Marketwatch

One of the main factors supporting the USD this week was a series of positive economic data from the US. Specifically, retail sales grew quite well, while the number of unemployment benefit applications decreased, leading investors to believe that the US Federal Reserve (Fed) may not be in a hurry to loosen monetary policy as previously expected. This helps to strengthen confidence in the relative strength of the USD, especially in the context of a number of other major economies such as Europe and Japan facing a clear slowdown.

However, on July 17, some investors began to worry about the possibility that US President Donald Trump would fire Fed Chairman Jerome Powell, increasing uncertainty about monetary policy. Although this information was later denied, it also caused a strong reaction in global financial markets, with the USD falling in a dramatic trading session before recovering.

Another factor that affected the USD's performance this week was Mr. Trump's tough trade policy. Specifically, he announced that he would impose a 30% tax on imported goods from Europe and Mexico, and a 50% tax on Brazil starting from August 1. These statements increased global trade risks and caused investors to seek safe assets, in which the USD still held a central position. However, in the long term, this protectionist policy could create a counter-reaction, as major trading partners seek to reduce their dependence on the USD in payments and reserves, and the trend of "de-dollarization" is increasingly being mentioned.

The US dollar has been on a rising trend against a number of other major currencies over the past week. The rise in the US dollar has put pressure on many emerging currencies and increased the cost of importing essential goods in the US.

Chicago Fed President Austan Goolsbee said he was “somewhat concerned” about signs in June’s consumer price index that tariffs were pushing up prices, but he still believes the U.S. economy is in good shape and the Fed’s policy rate could be cut “significantly” in the next 12 months.

During the week from July 14 to July 19, the USD maintained relative stability and increased slightly thanks to positive economic data and expectations that the Fed would not rush to cut interest rates. However, the long-term trend of the USD is still facing many challenges from geopolitical developments as well as trade tensions due to the new US tariff policy.

Illustration photo: hanoimoi.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on July 20, 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 transaction office for buying and selling is kept at: 23,976 VND - 26,394 VND.

USD exchange rates at commercial banks are as follows: