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Foreign exchange rates, USD/VND exchange rate today July 14: USD recovers slightly; US trade policy, Middle East situation affects the market

Foreign exchange rates, USD/VND exchange rate today, July 14, recorded a slight recovery of the USD after hitting its lowest point in many years (around 96.30-96.40) in early July 2025. The situation in the Middle East and US trade still affect the general sentiment of the market.

Báo Quốc TếBáo Quốc Tế14/07/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: July 14, 2025 08:00 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,920 25,930 26,270
EUR EUR 29,865 29,985 31,109
GBP GBP 34,744 34,884 35,874
HKD HKD 3,260 3,273 3,378
CHF CHF 32,132 32,261 33,188
JPY JPY 173.85 174.55 181.85
AUD AUD 16,799 16,866 17,408
SGD SGD 20,011 20,091 20,640
THB THB 778 781 816
CAD CAD 18,716 18,791 19,317
NZD NZD 15,440 15,947
KRW KRW 18.20 19.98

Exchange rate developments in the domestic market

In the domestic market, the record of World and Vietnam Newspaper at 7:30 a.m. on July 14, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,128 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,922 VND - 26,334 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,900 VND - 26,290 VND.

Vietinbank: 25,785 VND - 26,295 VND.

Tỷ giá ngoại tệ, tỷ giá USD/VND hôm nay 5/2 (Ảnh: Ngọc Thắng)
Foreign exchange rates, USD/VND exchange rate today February 5 (Photo: Ngoc Thang)

World market developments

The DXY index, which measures the value of the USD against six major currencies, is hovering around 97-98, pausing just before the key resistance level of 98.00. This level reflects the USD's slight recovery after hitting a multi-year low (around 96.30-96.40) in early July 2025.

This recovery is largely supported by positive market sentiment towards US economic data, however, pressure from new trade policies, especially tariffs imposed by the Donald Trump administration, is creating both opportunities and risks for the USD.

The US Federal Reserve (Fed) is expected to keep its benchmark interest rate at 4.25-4.5%. However, the market is expecting the Fed to cut interest rates by 0.25% at its September and December meetings, due to pressure from President Trump and some signs that inflation may be slowing.

If US Consumer Price Index (CPI) data, due in the coming days, shows higher-than-expected inflation, the Fed could delay a rate cut, strengthening the dollar. Conversely, if inflation is lower than expected, the dollar could come under downward pressure as investors expect the Fed to ease policy sooner.

Another important factor is US trade policies, especially new tariffs. The Trump administration has announced a 35% tariff on imports from Canada and a 20% tariff on some other trading partners, in an effort to boost domestic production. These measures could increase prices in the US, pushing up inflation and supporting the dollar in the short term.

The situation in the Middle East will also affect market sentiment. A reduction in tensions in the region could reduce demand for the safe-haven US dollar, putting downward pressure on prices. Conversely, any unexpected developments, such as a military response from Iran or its allies, could send the US dollar soaring as investors seek safety. In addition, China’s GDP report, due this week, will also impact the US dollar. If China’s economy shows signs of weakness, the US dollar could benefit as Asian currencies like the yuan weaken.

While tariff concerns are supporting strength in the dollar, some traders remain skeptical about the medium-term outlook for the currency, which has come under selling pressure this year.

“My baseline forecast remains for a slow but steady decline in the dollar over the medium term. However, it has clearly fallen quite a bit in a short period of time, so there is now the potential for a modest recovery,” said Michael Brown, an analyst at Pepperstone.

The USD is likely to maintain a slight increase or stabilize in a narrow range next week, with the DXY index fluctuating around 97-98.5. However, downside risks remain if geopolitical factors ease or the Fed signals an earlier-than-expected rate cut.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-147-usd-phuc-hoi-nhe-chinh-sach-thuong-mai-my-tinh-hinh-trung-dong-anh-huong-thi-truong-320932.html


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