USD exchange rate today (July 25): USD increased slightly after ECB kept...

USD exchange rate today: Early morning of July 25, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased, currently at 25,166 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 0.32% to 97.52.

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

USD exchange rate today in the world

The US dollar rose slightly after the European Central Bank (ECB) kept interest rates unchanged, with markets focusing on tariffs and the US Federal Reserve's (Fed) policy.

The US dollar was little changed against the euro on Thursday after the ECB decided to keep interest rates unchanged, while the greenback's volatility against the Japanese yen was also limited, as expectations of a possible rate hike in Japan somewhat offset concerns about political risks after Sunday's election.

In the US, the USD recorded a slight increase at the end of a rather quiet trading session, in the context that investors are preparing for an upcoming week full of important economic information.

The ECB, as widely expected, kept its policy rate unchanged at 2% at its meeting on Thursday, in what was seen as a “pause” after more than a year of monetary easing as it awaits further clarity on the trade outlook between Europe and the United States.

"The view that the ECB will keep interest rates unchanged in the near term is gaining more and more traction. We have revised our expectations for a rate cut in September to just under 50%," said Shaun Osborne, chief foreign exchange strategist at Scotiabank (Toronto).

In Japan, Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said the trade deal reached with Washington on Tuesday has significantly reduced economic uncertainties, thereby adding to expectations for the resumption of the interest rate hike cycle in the country.

However, analysts warn that the yen will still face challenges after Japan's upper house election on Sunday, when the opposition is considering filing a no-confidence motion against the government.

In contrast, the European Union is nearing a deal to impose a common 15% tariff on EU goods, according to diplomatic sources. The tariff, which could include cars, would mirror the framework of the recently concluded US-Japan trade deal.

“The ECB is facing a very different quantitative challenge than the BoJ,” said Thierry Wizman, global FX and interest rates strategist at Macquarie Group. “The euro has already appreciated significantly more against the yen in 2025, which means the deflationary impact of US tariffs could be stronger in the EU than in Japan, or at least the ECB suspects so,” he added.

The euro edged down 0.03 percent to $1.1766, still hovering near its peak of $1.1830 hit earlier this month - its highest in more than three years.

Meanwhile, the dollar rose 0.27 percent against the yen to 146.88 yen, after hitting a two-week low earlier in the session of 145.86 yen.

Illustration photo: baodautu.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on July 25, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,166 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange center has decreased, currently at: 23,958 VND - 26,374 VND.

USD exchange rates at commercial banks are as follows: