USD exchange rate today (July 5): USD narrows its increase compared to...

USD exchange rate today: Early morning of July 5, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased, currently at 25,116 VND.

Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.20% to 96.99.

DXY Index volatility chart over the past 24 hours. Photo: Marketwatch

USD exchange rate today in the world

The dollar pared gains against the euro and the yen on Friday, after President Donald Trump cleared the final hurdle to pass his signature tax cut bill, while pressure mounted on countries to strike trade deals with the United States.

The greenback surged on Thursday after US jobs data beat expectations, pushing back the timing of a possible Federal Reserve rate cut. But the DXY index is still on track for a second straight weekly decline.

The Republican-controlled US House of Representatives narrowly passed President Donald Trump's "Big, Beautiful Bill" spending and tax cuts bill, which is expected to add $3.4 trillion to the nation's current $36.2 trillion debt.

The euro rose 0.2% to $1.1775, on track for a weekly gain of 0.5%.

The Japanese yen rose 0.4% to $144.40.

Several countries received letters from the US on Friday outlining the tariffs they will face, marking a shift from President Trump's earlier statement about signing separate deals with trading partners.

European Commission President Ursula von der Leyen said the eurozone is aiming to reach a trade deal “in principle” with the United States by the deadline. Japan, which has recently been the focus of criticism from President Donald Trump, will send its chief trade negotiator to the United States as early as this weekend.

On economic data, the US Labor Department's jobs report released on Thursday showed the nonfarm sector added 147,000 jobs in June, far exceeding the 110,000 jobs forecast in a Reuters survey of economists.

"The US labor market is slowing, but the fact that it hasn't suddenly deteriorated is reassuring," said Hirofumi Suzuki, chief foreign exchange strategist at SMBC. "Personally, I expect the tariff negotiations to be unfavorable, leading to further weakness in the dollar and further strengthening of the yen," he added.

Market expectations that the Fed will keep rates unchanged at its July meeting now stand at 94.8%, up from 76.2% on July 2, according to CME's FedWatch tool.

Economists still forecast that the Fed will not start cutting interest rates until at least September or later.

The British pound rose 0.1% to $1.3668.

Illustration photo: vietnamnet.vn

Domestic USD exchange rate today

In the domestic market, at the beginning of the trading session on July 5, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,116 VND.

* The reference USD exchange rate at the State Bank's buying and selling exchange increased, currently at: 23,911 VND - 26,321 VND.

USD exchange rates at commercial banks are as follows: