Exchange rate on world market
Illustration photo. (Photo source: Internet)
The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 97.79 - up 0.23 points compared to July 10, 2025.
The greenback weakened after the US government bond yield fell sharply in the auction of 10-year bonds, due to high demand, a factor that partly eased concerns about the "US asset sell-off" trend, which had caused a sell-off in US bonds, the US dollar and US stocks earlier this year.
Francesco Pesole, FX strategist at ING, said investors were still digesting the surprises from Trump’s tax policy, but were cautious about trying to predict his next move. “I think most analysts still believe that Trump will not impose new tariffs on China and will reach a deal with the EU,” he said.
Risk-on sentiment in global markets has increased as the worst-case tariff scenario appears unlikely, helping Nvidia become the first company to reach a $4 trillion market cap and sending the cryptocurrency Bitcoin close to an all-time high of nearly $112,000.
Markets were also boosted by minutes of the US Federal Reserve's latest meeting, which showed a majority of policymakers believe interest rate cuts would be appropriate in the final months of this year.
The dollar index, which measures the greenback against a basket of six major currencies, rose 0.52% to 97.887, after falling 0.2% in the previous session. The euro fell 0.47% to $1.167, while the pound fell 0.4% to $1.354.
Against traditional safe-haven currencies, the dollar rose 0.3% against the Japanese yen to 146.735 and rose 0.54% against the Swiss franc to 0.798.
With the exception of Brazil, the countries that received the new tariff notices face the same tariffs as the “Trade Liberation Day” announcement Trump made on April 2. The Trump administration has also left open the possibility of extending the deadline beyond August 1 if countries make a compelling proposal.
Brazil was initially hit with a basic 10% tariff, but President Trump cited political factors, particularly the trial of former President Jair Bolsonaro, to increase the tariff to 50%. Mr Bolsonaro, once a close ally of Mr Trump, is currently on trial for allegedly plotting a coup to prevent Mr Lula da Silva from taking office in January 2023.
The Brazilian real lost as much as 2.8% overnight, falling to 5.6047 per dollar, its lowest level since June 6.
“Brazil is actually one of the few countries that has a trade deficit with the US,” said Michael Pfister, a foreign exchange analyst at Commerzbank. “That makes the situation worrying, not only for the real but also for the dollar, because no one can be sure which country will be targeted next.”
Mr. Trump and some US officials have recently said the US is close to a trade deal with India, while the European Union is also moving toward a common framework.
Domestic USD exchange rate
In the domestic market, at the beginning of the trading session on July 11, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 25,131 VND.
The reference USD exchange rate at the State Bank's buying and selling exchange center increased, currently at: 23,925 VND - 26,337 VND.
Specifically, at Vietcombank, the USD exchange rate is 25,900 - 26,290 VND/USD, down 30 VND in both directions, compared to yesterday's trading session.
NCB Bank is buying USD cash at the lowest price: 1 USD = 25,770 VND
SCB and VRB banks are buying USD transfers at the lowest price: 1 USD = 25,910 VND
HSBC Bank is buying USD cash at the highest price: 1 USD = 26,024 VND
HSBC Bank is buying USD transfers at the highest price: 1 USD = 26,024 VND
HSBC Bank is selling USD cash at the lowest price: 1 USD = 26,260 VND
HSBC Bank is selling USD transfers at the lowest price: 1 USD = 26,260 VND
Saigonbank is selling USD cash at the highest price: 1 USD = 26,380 VND
SCB Bank is selling USD transfers at the highest price: 1 USD = 26,320 VND
The EUR exchange rate at the State Bank's buying and selling exchange center increased, currently at: 28,035 VND - 30,986 VND.
The Japanese Yen exchange rate at the State Bank's exchange office for buying and selling has decreased, currently at: 164 VND - 181 VND.
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-11-7-2025-usd-tang-gia-tro-lai-nho-chinh-sach-thue-cua-tong-thong-my-donald-trump/20250711072739344
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