The US dollar continues to drop

Exchange rate of the US dollar today, May 7, 2025: the US dollar has decreased compared to the main currencies, including the YEN, due to market worries concerning the American trade agreement, while the euro continued to win after the German Parliament elected the Conservative Leader Friedrich Merz as Chancellor.

USD exchange rate today 05/07/2025

At the time of the survey at 4:30 am on May 7, the central exchange rate at the State Bank was currently 24,938 VND/USD, down 6 VND compared to the negotiation session of yesterday.

More specifically, at Vietcombank, the USD exchange rate is 25,760 – 26 150 VND/USD, an increase of 10 VND in both directions, compared to the negotiation session of yesterday.

The VIB Bank buys USD at the lowest price: 1 USD = 25,340 Vnd

The VIB Bank buys transfers in USD at the lowest price: 1 USD = 25,400 VND

Bank OCB buys US dollars at the highest price: 1 USD = 25,850 Vnd

Bank OCB buys transfers in USD at the highest price: 1 USD = 25,900 Vnd

The VIB Bank sells liquidity in USD at the lowest price: 1 USD = 25,760 VND

The VIB Bank sells transfers to USD at the lowest price: 1 USD = 25,760 VND

The TPB Bank sells liquidity in USD at the highest price: 1 USD = 26,181 VND

The NCB Bank sells transfers to USD at the highest price: 1 USD = 26,184 VND

USD exchange rate in some banks today. Source Webgia.com

On the “black market”, the USD exchange rate of the black market at 4:30 am on May 7, 2025 decreased by 35 VND in both directions compared to yesterday’s negotiation session, exchanging around 26,399 – 26,499 VND/USD.

Black market 05/07/2025. Photo: Chogia.vn

Exchange rate of the US dollar today, on May 7, 2025, on the world market

The dollar index (Dxy), which measures the USD compared to six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 99.23 – down 0.48 points compared to May 6, 2025.

Evolution of the index Dxy in recent times.

Investors are waiting to see if the administration of President Donald Trump will provide details on the trade agreements that she would be negotiating with other countries, including China, reported Reuters.

“The market fears that we are starting to miss the 90-day pricing truce without any significant announcement,” said Eugene Epstein, head of North American structuring at MoneyCorp. “There is a lot of positive feeling, but given the lack of clarity on the official content that I see, I think the market is starting to become nervous again. »»

The US dollar dropped 0.59% against the Japanese Yen at 142.815. The Taiwanese dollar has reduced its earnings after a record rally against the greenback due to market concerns about Trump’s customs tariffs. The currency dropped 2.6% to 29.919 for a dollar.

The euro continued to climb after Mr. Merz won the voices necessary to become a German chancellor after a humiliating and unprecedented defeat in the first round. The common currency increased by 0.28% to $ 1,134,550.

Data from the Ministry of Commerce published on Tuesday showed that the American trade deficit jumped 14 % to a record of 140.5 billion dollars in March, companies having increased their imports before Mr. Trump’s customs tariffs.

The Swiss franc was weakened after the president of the Swiss National Bank, Martin Schlegel, said that the BNS was ready to intervene in the foreign exchange markets and to lower interest rates below zero to prevent inflation from falling below its objective of price stability. The dollar increased 0.35% against the Swiss franc to 0.82490.

The markets focus on the political decision of the Federal Reserve on Wednesday, where the American central bank should maintain its unchanged interest rates. The Bank of England is also meeting this week and is expected to reduce its interest rates by 0.25 percentage points on Thursday.

The Sterling book increased by 0.49% to $ 1,33620.

USD exchange rate today 05/07/2025. Illustration