Today's USD exchange rate (August 8): The US dollar reverses course and rises.

Today's USD exchange rate: Early morning on August 8th, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the USD has increased, currently standing at 25,239 VND.

Báo Lạng Sơn•08/08/2025

Meanwhile, in the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), fell 0.13%, currently standing at 98.05.

Chart showing the fluctuations of the DXY index over the past 24 hours. Image: Marketwatch

Today's USD exchange rate worldwide

The US dollar rose on Thursday after Bloomberg News reported that Federal Reserve Governor Christopher Waller was emerging as a leading candidate for Fed chairman within President Donald Trump's team. Bloomberg said Waller had met with members of Trump's team who were impressed with him, although he had not yet met the President in person.

However, Waller is highly regarded by financial institutions and central banks, and his appointment would be a positive signal for the dollar, according to Karl Schamotta, chief market strategist at Corpay in Toronto. “Waller is seen as having a dovish stance, but he has the credibility to keep long-term interest rates stable and strongly support capital inflows into the dollar,” Schamotta said.

On Tuesday, Trump said he had narrowed down his list of candidates for Fed chairman to four, including economic adviser Kevin Hassett, former Fed governor and Trump supporter Kevin Warsh, and two others. While Trump did not name the other two, one is believed to be Waller. On Wednesday, Trump also said he might nominate a candidate within the next two to three days to fill the vacant position on the Fed Board of Governors, following Adriana Kugler's unexpected resignation last week.

Against the Japanese yen, the US dollar rose 0.1%, to 147.49.

The British pound rose after a larger-than-expected number of policymakers at the Bank of England (BoE) voted to keep interest rates higher, despite the bank having already cut rates by 25 basis points as the market had anticipated. Four of the nine BoE members voted to keep rates unchanged due to concerns about high inflation, suggesting the BoE's rate-cutting cycle may be nearing its end. The pound closed up 0.41% at $1.341.

Meanwhile, the euro fell 0.27% to $1.1627. The euro is likely to continue to be supported against the dollar by the more hawkish policy of the European Central Bank (ECB).

Data released on Thursday showed that new U.S. jobless claims rose slightly last week, suggesting the overall labor market remains stable, although job creation is weakening and it takes longer for those who have lost their jobs to find new ones. Meanwhile, long-term inflation expectations among Americans worsened in July, despite a more positive outlook on their current and future financial situations, according to data from the New York Fed.

Atlanta Fed President Raphael Bostic said that risks to the job market have increased, but it is still too early to commit to interest rate cuts before the next Fed meeting, given that there is still important data to be released and inflation is still likely to rise in the coming months.

Against the Swiss franc, the US dollar rose 0.16% to 0.808 after President Karin Keller-Sutter returned from Washington without reaching an agreement to avoid a 39% tariff on Swiss exports to the US. Switzerland will continue negotiations with the US, Keller-Sutter said.

Domestic USD exchange rate today

On the domestic market, at the beginning of trading on August 8th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 25,239 VND.

* The reference USD exchange rate at the State Bank of Vietnam's exchange floor increased, currently at: 24,028 VND - 26,450 VND (buying - selling rates).

The USD exchange rates at commercial banks for buying and selling are as follows:

USD exchange rate	Buy	Sell
Vietcombank	26,010 VND	26,400 VND
Vietinbank	25,865 VND	26,375 VND
MB	26,040 VND	26,400 VND

* The EUR exchange rate at the State Bank of Vietnam's exchange floor increased, currently standing at: 27,946 VND - 30,888 VND (buying rate - selling rate).

The EUR exchange rates at commercial banks for buying and selling are as follows: