USD exchange rate today (July 28): USD will likely continue to...

USD exchange rate today: Early morning of July 28, the State Bank announced the central exchange rate of Vietnamese Dong to USD is currently at 25,164 VND.

The USD Index (DXY), which measures the greenback's performance against six major currencies, is currently at 97.67.

Forecast of USD trend this week

The DXY index fell nearly 1% last week, marking its biggest drop in a month. The currency is hovering around 97.45-97.67, amid concerns over trade tensions and awaiting signals from the US Federal Reserve (Fed) and the Bank of Japan (BOJ).

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

The market environment is currently heavily influenced by trade negotiations between the US and Japan, the US and the EU, along with expectations that the Fed and the BOJ will keep interest rates unchanged at their meetings next week. However, the market is closely watching the post-meeting statements for signs of future policy direction.

The recently announced US-Japan trade deal (lowering auto import tariffs from 25% to 15%) has boosted risk sentiment, weakening investor demand for the US dollar as a safe haven, while supporting currencies such as the yen and the euro to appreciate and putting pressure on the US dollar.

Furthermore, political factors also create uncertainty: Tensions surrounding the future of Fed Chairman Jerome Powell (including possible firing or resignation scenarios at the request of US President Donald Trump) could have a strong impact on the market. In the event of a political impact on the Fed, the US dollar could fall sharply, Treasury yields could rise and the stock market could be volatile.

In the coming week, the DXY index is likely to continue to be under downward pressure, averaging around 0.5% - 1%, if there is no new shock from monetary policy or politics. However, any tougher-than-expected policy signals from the Fed or BOJ could cause the USD to recover slightly or move sideways.

Illustration photo: cafef.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on July 28, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,164 VND.

* The reference USD exchange rate at the State Bank's transaction office for buying and selling is kept at: 23,956 VND - 26,372 VND.

USD exchange rates at commercial banks are as follows: