Foreign exchange rates, USD/VND exchange rate today August 4: USD slips from important level, main cause comes from Fed

Foreign exchange rates, USD/VND exchange rate today, August 4, recorded that the USD is likely to decrease slightly if there are no additional strong supporting factors.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 04/08/2025 07:00 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	26,010	26,020	26,360
EUR	EUR	29,331	29,449	30,567
GBP	GBP	33,972	34,108	35,089
HKD	HKD	3,271	3,284	3,390
CHF	CHF	31,642	31,769	32,662
JPY	JPY	169.85	170.53	177.65
AUD	AUD	16,523	16,589	17,127
SGD	SGD	19,838	19,918	20,457
THB	THB	778	781	816
CAD	CAD	18,581	18,656	19,174
NZD	NZD		15,174	15,678
KRW	KRW		17.96	19.68

Exchange rate developments in the domestic market

In the domestic market, the record of World and Vietnam Newspaper at 7:30 a.m. on August 4, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,249 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 24,037 VND - 26,461 VND.

USD exchange rates at commercial banks are as follows:

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

Vietinbank: 25,890 VND - 26,400 VND.

Foreign exchange rates, USD/VND exchange rate today, August 4: USD slips below important level, main cause comes from Fed. (Source: Investing)

World market developments

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 98.60.

Last week, the USD Index (DXY), which measures the strength of the USD against six major currencies, marked its strongest weekly gain since 2022, thanks to Fed Chairman Powell's steadfast statement that there will be no interest rate cut in September.

However, the DXY index fell sharply on August 2, hitting 98.69, down 1.28% from the previous session.

The decline was largely driven by the US July 2025 jobs report, which showed only 73,000 new jobs were created, well below analysts' expectations of 110,000.

At the same time, the unemployment rate rose slightly to 4.2%, raising concerns about a weakening US labor market.

The figures have raised expectations that the US Federal Reserve (Fed) could cut interest rates at its September policy meeting, a move that typically puts downward pressure on the USD.

"The market is reacting to the possibility of a recession," said Luke Tilley, chief economist at Wilmington Trust. "Weak jobs data is piling up on weak earnings reports and weak forecasts from some corporations."

The Japanese yen rose early last week on expectations of a rate hike by the Bank of Japan (BOJ), but then held steady. The moves suggest the dollar is rising against major currencies like the euro but under pressure in other markets.

Meanwhile, top US and Chinese trade officials held more than five hours of talks in Stockholm on Monday and reached a tentative agreement to extend a 90-day tariff moratorium, pending final approval from President Donald Trump.

President Trump's trade deals could support the dollar by strengthening America's economic position.

However, the greenback still appears weighed down by growing uncertainty in Washington, with any policy change easily providing short-term support or another shock to the USD.

The USD is likely to decline slightly this week if there are no strong supporting factors. However, if trade negotiations continue to bring positive signals or new economic data from the US is more positive, the USD may recover and increase slightly.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-48-usd-truot-khoi-moc-quan-trong-nguyen-nhan-chinh-den-tu-fed-323257.html