USD exchange rate today (June 8): USD experiences a volatile week

The USD Index (DXY), which measures the greenback's performance against a basket of six major currencies, fell about 0.2% this week to 99.20.

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

USD exchange rate in the world last week

The US dollar (USD) had a volatile week in the first week of June 2025, according to a Reuters report. The USD weakened at the beginning of the week due to concerns about the US economy and trade tensions with China. According to a Reuters survey, nearly 90% of currency strategists expect demand for USD-denominated assets to decline. They also expressed doubts about the safe-haven role of the USD and raised their forecast for the euro to $1.18 within a year, mainly due to negative sentiment towards the USD. However, the USD recovered by the end of the week thanks to positive employment data and expectations for monetary policy from the US Federal Reserve (Fed).

In a Reuters poll of economists, Labor Department data showed employers added 139,000 jobs in May, down from the 147,000 jobs created in April but above forecasts for a gain of 139,000.

Analysts said that despite signs of slowing, the labor market remained stable and there was no serious deterioration. The latest job growth figures gave Fed policymakers more confidence in maintaining the US central bank's current interest rates as they monitor the impact of higher import tariffs on the economy.

The dollar rose 0.95% to 144.87 against the Japanese yen and 0.26% to 0.822 against the Swiss franc. The U.S. currency is on track for its second straight weekly gain against both the yen and franc, but the dollar is still down about 8% against the yen and about 9% against the Swiss franc year to date.

Meanwhile, the euro fell against the dollar immediately after the jobs data, falling 0.43% to 1.1395 against the dollar. The euro is still up about 10% against the dollar since the beginning of the year, supported by the European Central Bank (ECB), while the pound hit a three-year high, reflecting investor optimism about these economies.

The US dollar index rose during the session after the jobs data, but is still on track to post a weekly loss.

Trade talks also remain in focus, with US President Donald Trump’s 90-day pause on many tariffs set to end on July 8. In a Truth Social post, President Trump said three of his cabinet officials will meet with Chinese representatives in London on Monday (June 9) to discuss a trade deal.

The US dollar has had a volatile week. Photo: vneconomy.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on June 8, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,992 VND.

* The reference exchange rate at the State Bank's transaction office remains unchanged, currently at: 23,793 VND - 26,191 VND.

USD exchange rates at commercial banks are as follows: