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Foreign exchange rates, USD/VND exchange rate today July 31: Fed takes steps as expected, USD continues to increase 'exponentially'

Foreign exchange rates, USD/VND exchange rate today, July 31, recorded the USD strengthening against key currencies after the Fed kept interest rates unchanged as expected by the market.

Báo Quốc TếBáo Quốc Tế31/07/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 07/31/2025 08:00 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 26,040 26,050 26,390
EUR EUR 29,738 29,857 30,981
GBP GBP 34,421 34,559 35,546
HKD HKD 3,275 3,288 3,393
CHF CHF 32,030 32,159 33,068
JPY JPY 173.18 173.88 181.24
AUD AUD 16,774 16,841 17,383
SGD SGD 20,033 20,113 20,659
THB THB 788 791 827
CAD CAD 18,719 18,794 19,318
NZD NZD 15,397 15,904
KRW KRW 18.19 19.96

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 31, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,228 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 24,017 VND - 26,439 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 26,000 VND - 26,390 VND.

Vietinbank: 25,865 VND - 26,375 VND.

(Nguồn: Bloomberg)
Foreign exchange rates, USD/VND exchange rate today, July 31: Fed takes steps as expected, USD continues to increase rapidly. (Source: Bloomberg)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 1.01% to 99.89.

The US dollar strengthened against major currencies after the US Federal Reserve kept interest rates unchanged as expected by the market, despite pressure from President Donald Trump.

The Federal Open Market Committee (FOMC) voted 9-2 to keep interest rates in the range of 4.25% - 4.50%.

Both Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller voted against and in favor of cutting the interest rate by 25 basis points.

At a press conference later, Fed Chairman Jerome Powell said the process of assessing the impact of trade tariffs on inflation would be slow.

“The Fed’s decision to keep rates unchanged was not a surprise, but the market took note of the two dissenting votes in favor of a cut,” said Uto Shinohara, senior investment strategist at Mesirow Currency Management in Chicago. “The dollar continues to be well supported following a series of strong economic data and the Fed announcement, with the market now pricing in a 50-50 chance of a rate cut in September.”

The EUR continued to fall against the USD after the Fed's decision and when Mr. Powell spoke.

The euro fell 1% to $1.141775, marking its fifth straight session of declines and its lowest since June 11. The currency is also on track for its first monthly decline in 2025, following a strong reaction to the US-EU trade deal earlier this week.

New trade deals signed with Japan and the EU have shown a renewed US commitment to global integration, helping to reassure investors.

The dollar rose 0.55% to 149.29 yen, after hitting its highest since April 2. Against the Swiss franc, the dollar rose 0.82% to 0.81265 franc, its highest since June 23.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-317-fed-co-buoc-di-dung-ky-vong-usd-tiep-tuc-tang-phi-ma-322766.html


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