USD exchange rate today 1/8/2025: USD heading for first increase of the year

USD exchange rate today 1/8/2025

At the time of survey at 4:30 a.m. on August 1, the central exchange rate at the State Bank was currently 25,240 VND/USD, an increase of 12 VND compared to yesterday's trading session.

Specifically, at Vietcombank , the USD exchange rate is 25,990 - 26,380 VND/USD, down 10 VND in both directions, compared to yesterday's trading session.

PVcomBank is buying USD cash at the lowest price: 1 USD = 25,720 VND

PVcomBank is buying USD transfers at the lowest price: 1 USD = 25,750 VND

HSBC Bank is buying USD cash at the highest price: 1 USD = 26,086 VND

HSBC Bank is buying USD transfers at the highest price: 1 USD = 26,086 VND

HSBC Bank is selling USD cash at the lowest price: 1 USD = 26,322 VND

HSBC Bank is selling USD transfers at the lowest price: 1 USD = 26,322 VND

PVcomBank is selling USD cash at the highest price: 1 USD = 26,450 VND

ABBank is selling USD transfers at the highest price: 1 USD = 26,440 VND

Tỷ giá USD tại một số ngân hàng hôm nay. Nguồn Webgia.com — USD exchange rate at some banks today. Source Webgia.com

In the "black market", the black market USD exchange rate as of 4:30 a.m. on August 1, 2025 increased by 23 VND in both directions, compared to yesterday's trading session, trading around 26,452 - 26,542 VND/USD.

Thị trường chợ đen ngày 01/08/2025. Ảnh: Chogia.vn — Black market on August 1, 2025. Photo: Chogia.vn

USD exchange rate today August 1, 2025 on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 99.83 - up 0.29 points compared to July 31, 2025.

Diễn biến chỉ số DXY trong thời gian qua. — DXY index developments in recent times.

The BOJ agreed to keep its short-term interest rate unchanged at 0.5% at the end of its two-day policy meeting, while raising its inflation forecast for the three years to fiscal 2027 and saying risks to the price outlook were now roughly balanced, Reuters reported. The yen initially rose on the news as investors expected a rate hike later this year, but then reversed course and traded almost unchanged for the day.

In broader markets, the dollar continued to hover around a two-month high after Federal Reserve Chairman Jerome Powell said the central bank would be patient in adjusting interest rates and gave no clear signal on the timing of a cut. The rally was also supported by a series of trade deals that helped ease concerns about President Donald Trump’s chaotic tariff policies.

The euro, one of the currencies hardest hit by the dollar’s rise this month, lost nearly 3% as investors retreated from hopes that European markets would offer more opportunities. The European Union’s agreement to impose 15% tariffs on U.S. exports has provided some clarity on the trade environment but also dented investor confidence.

“The euro has been over-optimistic and now reality is pulling it back,” said Jane Foley, a strategist at Rabobank. She said the dollar has not been able to properly reflect the recent rally in U.S. assets, with the S&P 500 hitting new highs and long-term bond yields falling. “A rebound in the dollar is needed to bring the market back to a more neutral position,” she said.

The euro was up 0.36% at $1.144, after hitting a seven-week low. However, it was still on track for a nearly 3% monthly loss. The U.S. dollar index edged down to 99.77 but was still up about 3% for the month.